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Nebius Raises $4.5B for AI Cloud Expansion | Business and Finance News
Published 2 weeks, 3 days ago
Description
Nebius Group is eyeing a massive $4.5 billion cash infusion via private convertible notes to fuel its AI cloud ambitions, with plans to expand data centers, boost computing power, and secure critical GPUs—all while shares dip over 7% in premarket trading as investors weigh the heavy infrastructure spending and potential stock swap talks with existing noteholders.
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