The partnership comes amid an unprecedented surge in demand for artificial-intelligence data centers, as businesses accelerate the race to build more advanced generative AI technologies. “We continue to believe that Nebius is well set up to bring on other high-profile customers, including other hyperscalers or frontier AI labs, as the company continues to build out their data center capacity with upcoming greenfield opportunities,” said Alexander Platt, analyst at DA Davidson. Microsoft, which has repeatedly flagged a shortage of AI cloud infrastructure due to soaring client needs, has been turning to third-party providers to bridge the gap.