Nebius Raises $3.75 Billion for AI Plans as Debt Deal Boosted

Nebius Group NV, a technology company, has raised approximately $3.75 billion through the sale of convertible notes and stock. This capital raise aims to support the company's plans to expand its artificial intelligence (AI) capabilities. The funds will be used to acquire additional land and computing resources, which is crucial for Nebius' recent massive contract with Microsoft Corp. This partnership is expected to drive further advancements in Nebius' AI technology. The successful debt deal and stock sale demonstrate the market's confidence in Nebius' ability to execute its AI-focused strategy. The company's focus on expanding its computing infrastructure and land holdings indicates its commitment to scaling its AI operations and solidifying its position in the rapidly evolving technology landscape. This capital raise will enable Nebius to continue investing in research and development, talent acquisition, and infrastructure to support its long-term growth and innovation in the field of AI.