From $4.5 Billion to $5.175 Billion: Nebius’ Massive Bet on the Future of AI Cloud Computing

Nebius Group is preparing one of the largest financing moves by an AI cloud provider this year, proposing a $4.5 billion private offering of convertible senior notes to accelerate data center construction, acquire GPUs, expand computing capacity, and strengthen its full-stack AI cloud platform. The financing arrives at a critical moment for the artificial intelligence industry. Demand for AI…