# IBM finds a neocloud cash injection with $240m Together AI deal > Source: > Published: 2026-08-12 10:59:53+00:00 [IBM](/tag/ibm/) 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](https://newsroom.ibm.com/2026-08-11-IBM-and-Together-AI-Sign-Multi-Year-Agreement-to-Scale-Open-Source-AI-Inference-with-NVIDIA-AI-Infrastructure-on-IBM-Cloud?ref=thestack.technology) 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. **A Hybrid Cloud strategy** ## Get the full story: Subscribe for free Join peers managing over $100 billion in annual IT spend and subscribe to unlock full access to The Stack’s analysis and events. [Subscribe now](https://www.thestack.technology/membership/) Already a member? [Sign in](https://www.thestack.technology/signin/)