Mentioned:
Israel wants to be a leader in artificial intelligence. And now they’re making their biggest bet ever on a new supercomputer.
What’s happening:
- Nebius Group (NASDAQ: NBIS) has been officially selected by the government of Israel to build its new national supercomputer
By the numbers:
- The Israeli government will pay approximately $135M USD for Nebius Group to develop the new supercomputer
- It is anticipated that the supercomputer will use 4,000 Blackwell GPUs from Nvidia (NASDAQ: NVDA) and will have computing power of 16,000 petaflops once complete
Why it matters:
- This is the most amount of capital that the government of Israeli has ever committed to developing a new supercomputer, which is a part of a larger federal effort to build out leading edge infrastructure for artificial intelligence and machine learning
Going deeper:
- Nebius Group currently operates the ISEG supercomputer located in Finland which is widely considered to be both one of the most powerful and energy efficient supercomputers in the entire world
The intrigue:
- Supercomputers have continued to attract major investments in the public markets also, with Italian oil and gas giant Eli (NYSE: E) previously making waves by pouring more than a €100M into a supercomputer focused on using artificial intelligence to find new ways to reduce their carbon emissions
