Nvidia Invests $2B in Nebius as CEO Slams 46,000 AI-Driven Job Cuts
Nvidia invested $2 billion in Nebius to accelerate its AI infrastructure offerings and secure enterprise customer growth. CEO Jensen Huang also publicly criticized Meta, Amazon and Microsoft for cutting a combined ~46,000 jobs despite lifting AI budgets, signaling confidence in Nvidia’s diversified demand base.
1. $2 Billion Investment in Nebius
Nvidia deployed $2 billion into Nebius to bolster its AI infrastructure portfolio, aiming to deepen on-premise and cloud integrations and drive enterprise adoption across key industries.
2. Public Rebuke of Hyperscaler Layoffs
During GTC, CEO Jensen Huang called out Meta’s 15,000, Amazon’s 16,000 and Microsoft’s 15,000 job cuts as a failure of leadership, arguing that AI should enable expansion rather than cost-cutting.
3. Strategy of Diversified Demand
Huang noted rapid growth beyond hyperscalers, highlighting Dell’s ‘huge pipeline’ and new demand from governments, healthcare and manufacturing, underscoring Nvidia’s resilience against single-customer dependency.