Nebius sees profits leap, hit by data centre delays
European AI infrastructure company Nebius today reported a surge in quarterly revenues to $981m but said some of its co-location data centre sites powering AI had been hit by delays.The so-called neoc...
European AI infrastructure firm Nebius has announced a significant increase in its quarterly revenues, reaching $981 million, driven by demand for its AI infrastructure services. However, the company disclosed that some delays in co-location data centre sites, including a 300 MW facility in Vineland, New Jersey, have impacted its operations.
Nebius CEO Arkady Volozh acknowledged that building data centres at this scale is challenging, with delays being common in the industry. Despite these setbacks, the company remains optimistic, aiming to break even on a pre-tax basis by the end of 2027. Nebius' CEO highlighted the growing adoption of open-weight models on its platform, noting that this diversification benefits the company by expanding its customer and partner base.
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