AI cloud outfit Nebius is hiking Nvidia GPU rental prices for the second time in three months as demand for compute continues to climb.
According to Reuters, the Amsterdam-based neocloud outfit said pay-as-you-go prices for selected Nvidia graphics processors will rise from 1 October 2026.
Rates for the affected Nvidia GPUs will increase by between 17 and 21 per cent, as customers scramble for the hardware needed to train and run AI models.
Nebius is spreading the pain beyond GPUs. On-demand prices for some AMD and Intel CPUs are rising as well, along with memory charges.
Some CPU-only instances will become 25 per cent more expensive, while selected memory offerings will jump by about 41 per cent.
The increases come just three months after Nebius last fiddled with its prices, suggesting customers are still prepared to pay handsomely for scarce computing capacity.
Rival CoreWeave said on 17 September that it was signing contracts at higher prices, another sign that AI customers have yet to frighten cloud providers with anything resembling price resistance.
Nebius rents high-powered processors and data centre infrastructure to companies building and operating AI models. The neocloud business has become increasingly lucrative as conventional hyperscalers and specialist providers race to secure Nvidia hardware.
Customers willing to reserve large-scale clusters for several months can avoid some of the impact. Nebius says commitment discounts are available for longer reservations, with its published pricing offering discounts of up to 35 per cent compared with on-demand rates.
The price rises follow a rapid quarter for Nebius’s AI cloud operation. The company signed four customer contracts averaging more than $1 billion each as demand for AI infrastructure continued to outrun available capacity.
