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Stock impact report

Why NVDA, META, & MSFT are Betting Billions on NBIS [Yahoo! Finance]

Nebius Group N.V. - Class A Ordinary Shares (NBIS) 
Company Research Source: Yahoo! Finance
Formerly part of Yandex, “The Google of Russia”, Nebius Group ( NBIS underwent a massive restructuring amid the breakout of war between Russia and Ukraine. In July 2024, Yandex sold all of its Russian assets, retained its non-Russian businesses, and pivoted the company to focus on infrastructure for artificial intelligence. Nebius Neocloud & AI Factory is the Talk of the Industry Although the company is relatively new, Nebius has become one of the hottest and most-talked-about AI companies in the world because of its “neocloud.” The term neocloud refers to a cloud that is built from the ground up specifically for AI. In other words, unlike Alphabet's ( GOOGL “Google Cloud” and Amazon's ( AMZN “Web Services” (AWS), the Nebius neocloud is not a generalist cloud but instead is precisely focused on AI ecosystems. Traditional clouds have virtual layers between the user and hardware, slowing the massive calculations needed to train large language models (LLMs) like OpenAI's “ChatGPT.” Show less Read more
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