IBM and Together AI sign $240M Nvidia GPU cloud deal

IBM and Together AI signed a $240 million deal to deploy Nvidia HGX B300 GPU clusters for cloud AI compute. The cluster is expected to go live in Q1 2027.

Why it matters: This is part of a broader pattern of enterprise-cloud tie-ups locking in Nvidia's newest GPU generation years in advance, following similar mega-deals from CoreWeave, GIC/Macquarie, and Nvidia's own $500B financing fund. It signals continued confidence in near-term AI compute demand even as some data-center projects face local pushback and grid constraints elsewhere.