According to CoinMeta, Palantir Technologies and Nebius Group announced a strategic partnership on Tuesday, with Nebius being designated as the preferred sovereign AI infrastructure partner for Palantir. Nebius stated that its customer commitments have exceeded $40 billion and it plans to provide 5 gigawatts of computing power in the future. Nebius's revenue in the second quarter surged by 454% year-on-year to reach $582 million, and it signed four cloud contracts totaling over $1 billion each. This partnership will enable Palantir's commercial customers to run AI models while maintaining control over their data and models.