Nebius Reports 700% Increase in Q1 Revenue
AI cloud firm Nebius reported 684% revenue growth to $399M in Q1, reflecting explosive demand for neocloud computing, though capital expenditures also jumped significantly.
Excerpt
<p>AI cloud firm Nebius’ revenues rocketed 684% to $399 million in the first quarter, the company reported Wednesday morning, reflecting the explosion of demand for AI neoclouds’ computing capacity.</p> <p>But Nebius, like fellow neocloud CoreWeave, is burning cash. Its capital expenditures jumped to ...</p>
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