Anonymous17 days ago
Nebius Group, the AI-focused neocloud that emerged from Yandex's Russian exit in 2024, announced a $3.75 billion convertible note offering on March 17 — just days after securing a landmark $27 billion infrastructure deal with Meta and a $2 billion strategic investment from NVIDIA. The aggressive capital raise underscores both the explosive demand for GPU cloud infrastructure and the extraordinary financial risks facing companies racing to build the physical backbone of the AI era.