Nebius Group Expands AI Infrastructure in US with New GPU Cluster and Offices

Yandex N : Nebius expands in US with first GPU cluster in Kansas City, offices in San Francisco, Dallas and New York

Nebius's new customer hubs in San Francisco and Dallas have been operational since September; third office in New York coming by year-end Nebius Group N.V. ("Nebius Group", "Nebius" or the "Company"; NASDAQ:NBIS), a leading AI infrastructure company, today announced the launch of its first GPU cluster in the United States with a deployment in Kansas City, MO, bringing its AI-native cloud closer to American customers. Scheduled to go live in Q1 2025, the Kansas City cluster will house thousands of state-of-the-art NVIDIA GPUs, primarily H200 Tensor Core GPUs in the initial phase, with the energy-efficient NVIDIA Blackwell platform expected to arrive in 2025. The colocation can be expanded from an initial 5 MW up to 40 MW, or about 35 thousand GPUs, at full potential capacity. Nebius is actively ramping up its presence in the US as part of its strategy to become a leading provider of AI infrastructure to AI builders globally, and is in advanced discussions for a second, larger-scale GPU cluster in the US, also slated to come online in 2025. The Company has also opened two new customer-facing hubs in San Francisco and Dallas, with a third office set to open in New York later this year. "Our first GPU cluster in the US and new offices represent a pivotal step in our expansion in the US market. Serving American customers from American facilities means lower latency and maximizes the advantages of our AI-native cloud. We will be building out more GPU clusters across the US to meet exploding demand for high-quality AI infrastructure from US AI developers and enterprises." Built on top of the latest NVIDIA GPUs with a fleet of H100s already installed and H200s coming onstream this month, Nebius's full-stack AI infrastructure is being purpose-built to meet the demands of the global AI industry and leans on deep technical expertise across hardware and software, cloud engineering and machine learning ("ML"). Publicly announced in October, the AI-native Nebius cloud is designed to manage the full ML lifecycle - from data processing and training through to fine-tuning and inference - all in one place. The recently launched Nebius AI Studio inference service expands the Company's offering to app builders, with access to a range of state-of-the-art open-source models in a flexible, user-friendly environment at among the lowest price-per-token on the market. Nebius has a team of around 400 engineers with decades of knowledge of building world-class tech infrastructure, as well as an in-house large language model ("LLM") R&D team. Listed on Nasdaq, the Company recently announced investments of more than USD 1 billion in AI infrastructure by mid-2025, enabling Nebius to deploy tens of thousands of NVIDIA GPUs to bring its highly differentiated, energy-efficient, AI-native cloud offering to customers worldwide. Nebius is a technology company building full-stack infrastructure to service the explosive growth of the global AI industry, including large-scale GPU clusters, cloud platforms, and tools and services for developers. Headquartered in Amsterdam and listed on Nasdaq, the Company has a global footprint with R&D hubs across Europe, North America and Israel. Nebius's core business is an AI-centric cloud platform built for intensive AI workloads. With proprietary cloud software architecture and hardware designed in-house (including servers, racks and data center design), Nebius gives AI builders the compute, storage, managed services and tools they need to build, tune and run their models. A Preferred cloud service provider in the NVIDIA Partner Network, Nebius offers high-end infrastructure optimized for AI training and inference. The Company boasts a team of around 400 skilled engineers, delivering a true hyperscale cloud experience tailored for AI builders. This press release and the materials referenced herein contain forward-looking statements that involve risks and uncertainties. All statements contained or implied other than statements of historical facts, including, without limitation, statements regarding Nebius's planned GPU cluster expansion, business plans, market opportunities, capital expenditure requirements, financing requirements and projected financial performance, are forward-looking statements. In some cases, these forward-looking statements can be identified by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. In addition, these forward-looking statements reflect Nebius's current views with respect to future events and are not a guarantee of future performance. Actual results may differ materially from the results predicted or implied by such statements, and Nebius's reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted or implied by such statements include, among others, Nebius's ability to successfully operate and develop a fundamentally different, early-stage group following the divestment of a significant portion of our historical operations; to implement Nebius's business plans; to conclude property leases or acquisitions on acceptable terms, to continue to successfully capture customers; to continue to successfully obtain required supplies of hardware on acceptable terms; and to obtain any further debt or equity financing that may be necessary to achieve Nebius's objectives. Many of these risks and uncertainties depend on the actions of third parties and are largely outside of Nebius's control. Notwithstanding the completion of the full divestment of the Company's Russian businesses, Nebius also continue to be subject to many of the risks and uncertainties included under the captions "Risk Factors" and "Operating and Financial Review and Prospects" in Nebius's Annual Report on Form 20-F for the year ended December 31, 2023 and "Risk Factors" in a shareholder circular filed as Exhibit 99.2 to a Report on Form 6-K filed with the U.S. Securities and Exchange Commission ("SEC") on February 8, 2024, which are available on the Nebius investor relations website athttps://group.nebius.com and on the SEC website atwww.sec.gov. All information in this release is as of November 19, 2024, and the Company undertakes no duty to update this information unless required by law.

AI cloud provider Nebius expands US presence with first GPU cluster in Missouri - SiliconANGLE

AI cloud provider Nebius expands US presence with first GPU cluster in Missouri Artificial intelligence infrastructure provider Nebius Group NV today announced the launch of its first graphics processing unit clusters in the U.S. with a deployment in Kansas City, Missouri. Nebius was previously known as Yandex NV, the Dutch holding company of the prominent Russian technology company of the same name. Yandex sold its Russian assets to a consortium of Russian investors for $5.4 billion in July, retaining its international businesses and rebranding as Nebius, allowing the company to focus on AI infrastructure and services independently of its former Russian operations. The new Kansas City cluster is scheduled to go live in the first quarter of 2025 and will house thousands of Nvidia Corp. GPUs, primarily H200 Tensor Core GPUs, in the initial phase, with Nvidia Blackwell chips arriving later in 2025. The colocation has also been designed to be expanded from an initial 5 megawatts up to 40 megawatts, or about 35,000 GPUs at full potential capacity. Nebius says it's actively expanding its presence in the U.S. as part of its strategy to become a leading provider of AI infrastructure to AI builders globally. The company is also in advanced discussions for a second, larger-scale GPU cluster in the U.S., also slated to come online in 2025. In addition, Nebius has also opened two new customer-facing hubs in San Francisco and Dallas, with a third office set to open in New York later this year. "Our first GPU cluster and offices represent a pivotal step in our expansion in the U.S. market," said Arkady Volozh, founder and chief executive officer of Nebius. "Serving American customers from American facilities means low latency and maximizes the advantages of our AI-native cloud." "We will be building more fully owned GPU clusters across the US to meet [the] exploding demand for high-quality AI infrastructure from U.S. AI developers and enterprises," Volozh added. Nebius' full-stack AI infrastructure is being purpose-built to meet the demands of the global AI industry and leans on deep technical expertise across hardware and software, cloud engineering and machine learning. The company's AI-native cloud is designed to manage the full machine learning lifecycle - from data processing and training to fine-tuning and inference - all in one place. A recently launched product, Nebius AI Studio, expanded the company's offering to app builders, with access to a range of state-of-the-art open-source models in a flexible, user-friendly environment at among the lowest price-per-token on the market.

Nebius Group to open first US GPU cluster in 2025 By Investing.com

AMSTERDAM - Nebius Group N.V. (NASDAQ:NBIS), an AI infrastructure company, has announced the launch of its first GPU cluster in the United States, situated in Kansas City, MO. This development is part of Nebius's strategy to cater to the American market, with the cluster expected to be operational in the first quarter of 2025. The Kansas City GPU cluster will initially feature thousands of NVIDIA (NASDAQ:NVDA) GPUs, including the H200 Tensor Core GPUs, and is designed to be energy-efficient, utilizing the NVIDIA Blackwell platform. The site has the potential to expand its capacity from 5 MW to 40 MW, which could accommodate approximately 35,000 GPUs. In addition to the Kansas City cluster, Nebius has established new customer hubs in San Francisco and Dallas, which have been operational since September. A third office in New York is slated to open by the end of this year. These efforts are a testament to Nebius's commitment to expanding its presence in the US and positioning itself as a leading provider of AI infrastructure on a global scale. Arkady Volozh, founder and CEO of Nebius, emphasized the importance of serving American customers from local facilities to ensure lower latency and maximize the advantages of Nebius's AI-native cloud. The company is also in advanced discussions to establish a second, larger-scale GPU cluster in the US, which is also expected to be launched in 2025. Nebius's AI-native cloud is designed to manage the full machine learning lifecycle and is built upon the latest NVIDIA GPUs, with a full-stack AI infrastructure that includes both hardware and software, cloud engineering, and machine learning expertise. The Nebius AI Studio inference service, which was recently launched, offers app builders access to a range of state-of-the-art open-source models. The company, which has a team of around 400 engineers and an in-house large language model research and development team, has invested over $1 billion in AI infrastructure. This investment is aimed at deploying tens of thousands of NVIDIA GPUs to deliver an energy-efficient, AI-native cloud offering to customers worldwide. This press release statement contains forward-looking statements that involve risks and uncertainties, and actual results may differ materially from those predicted. The information in this release is as of November 19, 2024, and Nebius undertakes no duty to update this information unless required by law. As Nebius Group N.V. (NASDAQ:NBIS) expands its AI infrastructure in the United States, investors may find additional context from InvestingPro data and tips valuable. The company's market capitalization stands at $3.74 billion, reflecting its significant presence in the AI sector. One InvestingPro Tip highlights that Nebius holds more cash than debt on its balance sheet, which could provide the financial flexibility needed to support its ambitious expansion plans, including the new GPU cluster in Kansas City and potential future sites. This strong liquidity position is further underscored by another InvestingPro Tip indicating that Nebius's liquid assets exceed its short-term obligations. The company's financial health is also reflected in its profitability over the last twelve months, with a P/E ratio of 19.85. This suggests that investors are willing to pay a premium for Nebius's earnings, possibly due to its growth potential in the AI infrastructure market. Interestingly, while Nebius is investing heavily in its infrastructure, it's trading at a low revenue valuation multiple according to InvestingPro Tips. This could indicate that the market has not fully priced in the potential of its expanding US operations and AI-native cloud offerings. For investors seeking more comprehensive analysis, InvestingPro offers additional tips and metrics that could provide deeper insights into Nebius's financial position and growth prospects. Currently, there are 7 additional tips available on the InvestingPro platform for NBIS.

Nebius Group to open first US cloud operations after resuming trading

(Reuters) - Nebius Group on Tuesday said it plans to open its first cloud computing operations in the United States, which could eventually house up to 35,000 chips from Nvidia. Nebius was founded by Arkady Volozh, one of the original founders of Russian internet giant Yandex. Trading in Nasdaq-listed Yandex was suspended soon after Russia's invasion of Ukraine. In July, Nebius emerged following a $5.4 billion deal to split Yandex's Russian and international assets. Volozh, who criticized the war, left Russia along with several hundred engineers. Starting with a data center in Finland that was split from Yandex's assets, Volozh's business plan is to take the expertise developed managing infrastructure for a major internet company and apply it to building cloud computing services specifically for artificial intelligence, using chips from Nvidia. The company on Tuesday said it will open its first U.S. cloud computing operations. The company is leasing data center space in Kansas City, Missouri, which will house Nvidia's H200 chips starting early next year, with newer Nvidia Blackwell chips arriving later in the year. Nebius on Tuesday also said it has opened customer support hubs in San Francisco and Dallas, Texas, and will open another office in New York by the end of the year. Last month, Nebius said it plans to make more than $387.6 million in capital expenditures in the fourth quarter, mostly in the form of buying chips. (Reporting by Stephen Nellis in San Francisco; Editing by Stephen Coates)