Palantir Partners with Nebius for Sovereign AI Infrastructure as Demand Surges
Palantir Technologies (NASDAQ:PLTR) has named Nebius Group (NASDAQ:NBIS) its preferred sovereign AI infrastructure partner, allowing clients to train and fine-tune models on dedicated GPU capacity without using public clouds. This partnership supports Palantir’s push for 'AI sovereignty,' where enterprises maintain full control over their data and operations—a key demand highlighted by CEO Alex Karp during Q2 earnings. Nebius reported a 454% year-over-year revenue increase to $582 million in the second quarter, with an annualized run-rate of $3 billion. The company has secured major contracts including a new five-year deal worth $27 billion with Meta and is on track for over $9 billion in customer prepayments this year. CEO Arkady Volozh stated that Nebius could sell its entire 2027 capacity today, underscoring strong demand. Palantir’s Q2 revenue surged to $1.935 billion, up nearly 94% from the previous year, with U.S. commercial sales rising by almost 150%. The firm now expects full-year revenue between $8.15B and $8.16B.
Topics: AI infrastructure GPU capacity Nebius Palantir sovereign AI