NasdaqGS:NBISSoftware
Will Nebius Group's (NBIS) Meta Deal Accelerate Its Shift From Growth to Profitability?
Nebius Group recently announced a multi-year, US$3 billion AI infrastructure agreement with Meta, alongside the launch of new AI offerings such as Nebius Token Factory, following its first UK deployment of NVIDIA Blackwell Ultra AI infrastructure and third quarter earnings results showing very large year-on-year revenue growth to US$146.1 million and a net loss of US$119.6 million.
These developments reinforce Nebius's rapid expansion and positioning as a key player in cloud-based AI...