Key facts
- Nebius will increase prices for selected Nvidia graphics processing units by 17% to 21%.
- Prices for some central processing units from AMD and Intel, and memory offerings have also been hiked.
- CPU-only instances will see a 25% price increase, and memory offerings about 41%.
- Nebius offers commitment discounts for customers reserving large-scale clusters for multiple months.
- Nebius has experienced rapid growth in its AI cloud business, signing four customer contracts averaging over $1 billion each.
Cloud provider Nebius announced on Thursday that it will increase pay-as-you-go prices for leasing selected Nvidia chips starting October 1. This marks the company's second price hike in three months, driven by surging demand for computing capacity required to train and run artificial intelligence models. Rival CoreWeave indicated earlier in the day that it is also signing contracts at higher prices.
Rates for certain Nvidia graphics processing units will rise between 17% and 21%. Additionally, Nebius has increased on-demand rates for some central processing units manufactured by AMD and Intel, as well as for memory offerings. Prices for some CPU-only instances will go up by 25%, and those for memory offerings by approximately 41%. The Amsterdam-based company noted that customers who reserve large-scale clusters for multiple months can receive commitment discounts. Nebius' price adjustments follow a period of rapid growth in its AI cloud business, during which it secured four customer contracts, each averaging more than $1 billion.