Nebius revenue grew 454%. Most of the cash came from customers paying in advance

Nebius rents out computing power. It buys Nvidia chips, puts them in data centres, and charges companies to train and run AI models on them. The trade calls this a neocloud. It is based in Amsterdam, listed on Nasdaq, and was spun out of the Russian internet company Yandex in 2024. On Wednesday it reported […] This story continues at The Next Web