Nebius Is Raising the Price of Its AI Compute on Oct. 1. Here's What That Says About the Shortage.
Why would a cloud company in the middle of a huge build-out charge more for the chips anybody can rent by the hour?
Nebius Group (NBIS) is set to increase the price of its AI compute services on October 1, raising the on-demand rate for an Nvidia B300 GPU from $7.85 per hour to $9.50, a 21% increase. This move by the artificial intelligence cloud company comes at a time when the capital expenditures are projected to reach $20 billion to $25 billion, while the revenue is forecasted to be between $3 billion and $3.4 billion.
The price hike may suggest the acute shortage of AI computing supply, as companies with rapid capacity building often struggle to fill the demand. However, the increase affects only a smaller portion of Nebius's business.
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