Nvidia backs AI cloud startup Nebius with $2B as data center race intensifies


Nvidia is investing $2 billion in Amsterdam-based Nebius, taking an 8.3% stake and deepening its push into the fast-growing “neocloud” layer of the AI stack. Nebius said it plans to deploy more than 5 gigawatts of data center capacity by 2030, a huge build-out that shows demand for AI compute is no longer driven solely by hyperscalers like Microsoft, Google, and Meta. The deal also underscores Nvidia’s increasingly unusual position in the market: it is not just selling chips, but financing parts of the ecosystem that buy and deploy them. Why that matters goes beyond one funding deal. AI infrastructure … Continue reading Nvidia backs AI cloud startup Nebius with $2B as data center race intensifies

Behind Ukraine’s Russia Invasion: Secrecy, Speed and Electronic Jamming


Ukrainians embarrass Putin by becoming first foreign military force to occupy Russian territory since World War II By Isabel Coles, Michael R. Gordon and Ievgeniia Sivorka | Photographs by Svet Jacqueline for WSJ Aug. 16, 2024 at 11:00 pm ET PYSARIVKA, Ukraine—Six days after Ukrainian forces swept through the Russian border town of Sudzha in a lightning advance, a Ukrainian platoon carrying out a mopping-up operation stumbled upon a dozen Russian soldiers hiding in a butter factory. The speed and scale of this month’s Ukrainian advance—the first time a foreign military force has occupied Russian soil since World War II—left pockets of surprised and disoriented Russian soldiers … Continue reading Behind Ukraine’s Russia Invasion: Secrecy, Speed and Electronic Jamming