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[ARTICLE · art-93464] src=thestack.technology ↗ pub= topic=ai-infrastructure verified=true sentiment=· neutral

IBM finds a neocloud cash injection with $240m Together AI deal

IBM signed a $240 million multi-year deal with Together AI to rent Nvidia HGX B300 servers via IBM Cloud, with deployments starting in Q1 2027. IBM Cloud General Manager Alan Peacock said the infrastructure would support companies scaling agentic AI as the industry shifts from training to inference.

read1 min views1 publishedAug 12, 2026
IBM finds a neocloud cash injection with $240m Together AI deal
Image: Thestack (auto-discovered)

With AI compute capacity in high demand, even IBM is now cashing in and selling access to servers. This week, Big Blue signed a $240 million deal with Together AI to rent Nvidia hardware via IBM Cloud.

The deal will see the neocloud offer open source model inference deployments hosted on Nvidia HGX B300 servers via IBM Cloud from early 2027, a needed boost after a troubled quarter for IBM.

IBM Cloud General Manager Alan Peacock said the “scalable, economical, enterprise-grade AI infrastructure” would serve companies racing to scale agentic AI as the industry shifts away from a focus on training models.

IBM described the deal as “multi-year” but did not provide details on how long it will last. It will deploy a “large cluster” of the HGX B300 systems from Q1 2027 in IBM Cloud’s first large-scale dedicated cluster for inference.

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source & further reading
thestack.technology — original article Tencent researchers say they can create agent training tasks for $0.05 Life of a neocloud: CoreWeave doubles both revenue and net loss in Q2, as debt hits $35B Patching in the AI era: Move fast, even if it breaks things
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