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The curious case of Nebius, the publicly traded AI infrastructure ‘startup’
Nebius is an unusual beast -- it's a public company, sure, but a startup in just about every sense of the word.
With CoreWeave in the midst of expanding from the U.S. into Europe, Nebius is moving in the other direction, announcing plans this week to extend its presence to the U.S. with a new GPU cluster in Kansas City (on the Missouri side) scheduled to go live in early 2025. Image Credits: AvrideWhile Yandex had sufficiently deep pockets to fund autonomous vehicle projects, Nebius doesn’t — it has a couple billion dollars in the bank from its Russian divestment, and it’s laser-focused on building its cloud infrastructure business. Further down the line, Nebius plans to build more of its own data centers, both in Europe and the U.S., but given the time it takes, it’s quicker to plug the gap with co-location facilities, which is why it’s forging ahead with a hybrid approach.
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