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T Morning Report | MIIT issues notice warning of "Lobster" risks; NVIDIA invests $2 billion in Nebius; Meta launches self-developed AI chip
Caixin
NVIDIA invests $2 billion in Nebius
On March 11, NVIDIA (NASDAQ: NVDA) and artificial intelligence cloud service company Nebius (NASDAQ: NBIS) announced a strategic partnership. NVIDIA will invest $2 billion in Nebius, and the two will collaborate on AI factory design and support, inference services, AI infrastructure deployment, and other areas. NVIDIA founder and CEO Jensen Huang stated that Nebius is building an AI cloud for the era of intelligent agents, integrating hardware and software in a full-stack manner, driven by NVIDIA’s next-generation accelerated computing technology. The partnership aims to expand cloud capacity to meet the surging global demand for intelligent computing power. On March 11, Nebius’s stock price surged 16.14%, while NVIDIA rose 0.68%.