Nebius, a spinout from Russian internet giant Yandex, provides graphics processing units, or GPUs, for training artificial intelligence models.
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Dutch cloud provider Nevius Shares soared in premarket trading Thursday after a former OpenAI employee’s fund disclosed a sizable stake in the company.
Situational Awareness, a hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, currently owns 12.4 million Class A shares of the AI company, according to a filing published Wednesday. This corresponds to 5.6% of the stock.
Situational Awareness is managing billions of dollars and investing in the physical infrastructure needed for an AI future.
U.S.-listed Nevius was last up 11% in pre-market trading. The stock is up 149% since the beginning of the year.
Nebius stock price since the beginning of the year.
Nebius has emerged as Europe’s leading AI computing provider, securing several partnerships in recent months. Among them are meta In March. As part of the agreement, Nebius will provide $12 billion in dedicated capacity and up to $15 billion in additional computing capacity over five years.
It also secured a $2 billion investment from . Nvidia In the same month. The agreement will see the two companies collaborate on AI infrastructure deployment, fleet management, inference, and AI factory design and support.
