Reflection inks $1B compute deal with Nebius

TL;DR

Reflection AI, a U.S. startup focused on open AI models, has signed a $1 billion compute deal with Nebius.
Nebius, formerly Yandex's international arm, will provide Reflection with access to Nvidia's latest chips.
The deal comes after Reflection secured computing resources from SpaceX.
There is a growing interest in open-weight AI models due to concerns about data retention and potential government intervention in closed-source models.
Reflection AI, founded in 2024 by former Google DeepMind researchers, is valued at $8 billion and has raised nearly $2.6 billion.
Nebius has also signed significant infrastructure deals with Meta and Microsoft.

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