Nebius Group N.V. (NASDAQ: NBIS)

Nebius Group N. V. builds full stack AI cloud infrastructure to support the rapid growth of the artificial intelligence industry. The company provides compute storage managed services and critical software that enable customers to train run and deploy AI models and applications efficiently. It owns and operates data centers in Finland and colocation sites in France Iceland and the United States and offers a proprietary AI cloud platform that integrates hardware and software layers for optimized performance.

Nebius Group N. V. generates revenue primarily from its AI cloud infrastructure offerings which include GPU based compute instances storage solutions and managed services. The company also earns income from its Avride autonomous driving technology division its Toloka data labeling and generation business and its TripleTen education technology platform. Customers pay for usage of compute resources access to data sets and enrollment in technical training programs.

The company operates through the following segments: AI infrastructure Avride Toloka and TripleTen.

• The AI infrastructure segment designs builds and operates data centers develops proprietary hardware and provides a full stack AI cloud platform that offers compute storage networking and managed services for AI model training inference and deployment.

• Avride develops autonomous driving technology for self driving vehicles and delivery robots and has formed partnerships with companies such as Uber Grubhub Rakuten and Hyundai to deploy its solutions in logistics and ride hailing markets.

• Toloka provides scalable high quality data for AI model training fine tuning alignment and evaluation serving AI research labs foundation model developers Fortune 500 companies and GenAI startups through a global network of annotators and domain experts.

• TripleTen operates an education technology platform that offers immersive training tracks in software engineering quality assurance business intelligence data science cybersecurity and user experience design to reskill individuals for technology careers primarily in the United States and Latin America.

Nebius Group N. V. positions itself as a specialized provider of full stack AI cloud infrastructure competing with both dedicated AI infrastructure firms and major cloud providers. Its main competitors include CoreWeave Crusoe Lambda Labs Amazon Web Services Google Cloud Microsoft Azure and Oracle Cloud. The company’s competitive advantages stem from its control over the entire value chain from hardware design to software platform its proprietary data center designs that achieve high energy efficiency its in house server and rack development and its partnerships with leading chip manufacturers such as NVIDIA.

The company serves a diverse customer base that includes independent developers AI native technology companies frontier AI labs and enterprise customers. Specific partners and customers include Uber Grubhub Rakuten and Hyundai for Avride services and AI research labs Fortune 500 companies and GenAI startups for Toloka data solutions.