Nebius in Talks to Acquire AI21 Labs After Nvidia Deal Falls Through
Israeli AI21 Labs, known for language AI, may be bought by Dutch cloud giant Nebius after Nvidia talks fell through.
Israeli AI21 Labs, known for language AI, may be bought by Dutch cloud giant Nebius after Nvidia talks fell through.
Nebius plans a huge AI supercomputer factory in Lappeenranta, Finland—up to 310 MW, one of Europe's biggest. First phase ready 2027, using NVIDIA's latest tech.
Bank of America initiates coverage on Nebius with a Buy rating and $150 price target, implying 31% upside.
Nebius stock plunged up to 10% after announcing a $3.75 billion offering of convertible senior notes due 2031 and 2033. The funds will finance data center builds, GPU purchases, and AI cloud expansion.
Meta commits up to $27 billion over 5 years to Nebius for dedicated AI capacity starting 2027, using NVIDIA Vera Rubin tech in major push to rival OpenAI and Google.
NVIDIA invests $2B in Nebius to scale AI infrastructure. Partnership targets 5+ gigawatts of capacity by 2030 for powerful inference and agentic AI applications.