Nebius Bets $40 Billion on Neocloud Playbook as Microsoft Data Center Delays Test Financing Model
Nebius Group reported third-quarter revenue of $980.8 million on Thursday, up 571% from a year earlier, but the Amsterdam-based AI cloud provider cut its 2026 revenue forecast and outlined a 2027 capital-expenditure plan of $40–45 billion that will test whether the “neocloud”…