Microsoft Signs $17B Deal with Nebius, the Company Founded by Yandex Co-Founder

In early September, Microsoft signed a major contract with Nebius, agreeing to pay $17 billion for services through 2031, with the potential to increase funding to $19.4 billion. For Nebius, a relatively young company, this marks its first mega-deal, sending its shares soaring by 60% almost overnight. For Microsoft, Nebius provides AI model training services. ...