Nebius Group Awards Over $850,000 in GPU Credits to Accelerate AI Innovation

Nebius Group (NASDAQ:NBIS) is one of the best AI stocks to buy according to hedge funds. On June 23, Nebius announced the winners of its inaugural AI Discovery Awards. The program was established to provide essential computational resources and expertise to companies utilizing AI. The awards distributed over $850,000 in GPU cloud and inferencing credits to support these pioneering efforts.

A distinguished panel of 19 independent judges, with experts from leading biotech, pharmaceutical, research, and venture capital organizations, evaluated 257 global applications. They selected 4 primary winners, each receiving $100,000 in GPU credits for the Nebius AI Cloud. These winning companies were recognized for their validated AI solutions and their potential for market impact.

Nebius Group Awards Over $850,000 in GPU Credits to Accelerate AI Innovation

An experienced software engineer working on a complex line of code in a programming suite.

In addition to the main award recipients, second and third-placed companies in each category received $50,000 and $30,000 in GPU credits, respectively, along with mentorship and networking opportunities. Furthermore, 7 “honorable mentions” in each category were granted $5,000 in GPU cloud credits, and all participants in the AI Discovery Awards received inferencing credits for Nebius AI Studio.

Nebius Group (NASDAQ:NBIS) is a technology company that builds full-stack infrastructure to service the global AI industry.

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Disclosure: None. This article is originally published at Insider Monkey.