Nebius Microsoft: the compute arms race goes commercial
Cognition AI's 400M - the economics of AI developer tooling
Australia's IT spending surge: infrastructure, GenAI, and energy stress tests
Eli Lilly's TuneLab: pharma productizes AI drug discovery at scale
The New Flat Rate: AI-assisted pricing for contractors - small verticals, big ROI
Cross-cutting themes: compute, data, regulation, and talent
Risks, governance, and fairness - what keeps me awake at night
Tactical playbook for founders, enterprise buyers, and investors
90-day checklist and watchlist
Conclusion: from model hype to systems economics
Sources
Headline summary: Nebius announced a multi-billion agreement to supply Microsoft with dedicated AI infrastructure capacity for a multi-year term market reaction was immediate with Nebius shares surging on the news. This deal is a high-visibility example of how hyperscalers are procuring capacity as a service rather than absorbing all build-out costs internally.
Source: CNBC.
The facts short: Reports place the deal in the tens of billions over multiple years media reporting has the contract valued at roughly 17.4B with upside to 19.4B depending on usage. The agreement centers on Nebius supplying GPU-optimized data center capacity to support Microsoft's AI workloads. Markets priced the announcement as a validation of Nebius's neocloud business model peers with similar exposure to AI compute saw shares re-rate.