Nebius Reports 700% Increase in Q1 Revenue
Mirrored from The Information — AI for archival readability. Support the source by reading on the original site.
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.
But Nebius, like fellow neocloud CoreWeave, is burning cash. Its capital expenditures jumped to ...
More from The Information — AI
-
How Salesforce Is Overhauling the Way It Charges for AI
Aug 30
-
How Apple Stumbled Into AI Hardware Success With the Mac
Aug 30
-
Musk Responds to The Information’s Report About SpaceX Setting Up a Turbine Blade Factory
Aug 30
-
Exclusive: SpaceX Lays Groundwork For Turbine-Blade Factory to Solve Data Center Power Crunch
Aug 29
Discussion (0)
Sign in to join the discussion. Free account, 30 seconds — email code or GitHub.
Sign in →No comments yet. Sign in and be the first to say something.