Nebius Group acquires Eigen AI for $643 million and secures multi-billion dollar contracts with Meta and Microsoft, while Nvidia commits $2 billion investment.

Nebius Group announced a $643 million acquisition of Eigen AI, which adds inference and optimization technology to its platform. Nvidia is committing a $2 billion investment into Nebius. The company has secured multi-billion dollar, long-term contracts with Meta and Microsoft tied to its AI infrastructure and platform services.

Nebius is shifting from a pure AI infrastructure provider to a Platform as a Service business model. By integrating Eigen AI's inference and optimization capabilities around long-term compute contracts, the company aims to convert one-off capacity sales into usage-based, recurring platform revenue rather than relying on short-term capacity cycles.

The deals link Nebius more tightly into the GPU supply chain and position it closer to the software and platform layer where value accrues in cloud and AI markets, allowing it to compete more directly with hyperscalers such as Amazon, Microsoft and Google that already bundle infrastructure with higher-margin services.