Amsterdam-based AI cloud provider Nebius said on Thursday it would raise prices for renting GPU and CPU capacity, in an indication of sustained demand for training and deploying AI models.

The move came after competitor CoreWeave said earlier in the day that it is signing new contracts at higher prices.

Companies such as Nebius, CoreWeave and Australia’s IREN specialise in cloud capacity for the AI industry, a market that has grown rapidly in recent months.

Price hike

As of 1 October, Nebius said it would charge roughly 17 percent more for Nvidia H100 instances and 21 percent for the newer Nvidia B300, while rates for the AMD Epyc Genoa server CPU would rise by 25 percent.

Memory offerings are to rise by 41 percent, Nebius said.

The hike was Nebius’ second in three months, with pricing for B300 instances rising a cumulative 56 percent.

The company said customers reserving large-scale clusters for multiple months can receive discounts.

Major contracts

Nebius has seen rapid growth over the past quarter for its AI cloud business, signing four customer contracts for more than $1 billion (£750m) each during the period.

In March, AI chip leader Nvidia said it would invest $2bn in Nebius, one of its major customers, in one of many examples of circular financing in the industry.