Nebius Group N.V.

“our recent acquisition of Tavily, which adds agentic search capabilities to our customers and also brings almost 700,000 developers to our platform.”

Nebius acquired agentic-search company Tavily, adding capabilities and roughly 700,000 developers to its platform.

“our equity stakes in ClickHouse and other businesses such as AV Wright can also be future sources of capital.”

Nebius holds a 25%+ equity stake in analytics-database company ClickHouse, which it views as a multi-billion-dollar source of future capital as ClickHouse's valuation rises.

“We delivered the first tranche to Microsoft on time, and we are well on track to deliver the remaining commitments on time as well.”

Microsoft's multi-year capacity contract with Nebius is on schedule, with the first tranche delivered and remaining tranches through 2026, reflecting Microsoft's external AI capacity sourcing.

“About Meta, early in this month, we delivered both contracted tranches to Meta on time, and we are now fully in servicing stage.”

Nebius fully delivered both capacity tranches of its Meta contract on time, with Meta now in full servicing stage, reflecting Meta's ongoing reliance on external AI compute.

“our software vendor customers like Shopify”

Shopify is an expanding software-vendor customer of Nebius's AI cloud, indicating Shopify's growing AI-workload consumption.

“And World Labs is building something they call a large world model, which is able to simulate 3D worlds”

Spatial-AI startup World Labs is a Nebius customer building large world models for 3D simulation, a physical-AI compute-demand signal.

“Black Forest Labs is an interesting customer that is developing cutting-edge generative AI models specifically for image and video generation.”

Generative-media startup Black Forest Labs is a Nebius customer building image/video models, reflecting rising inference demand from generative-AI vendors.

“some very disruptive startups like Cursor AI, Black Forest Labs, and World Labs.”

AI code-editor startup Cursor became a Nebius customer, a compute-demand read-through for the fast-growing coding-AI company.

“This deal comes on top of the Microsoft deal we announced early September, with a contract value between $17.4 billion and $19.4 billion.”

Microsoft signed a $17.4B-$19.4B multi-year capacity contract with Nebius, reflecting Microsoft's sourcing of significant external AI compute.

“we signed another major deal, this time with Meta, for approximately $3 billion over the next five years.”

Meta signed an approximately $3B, five-year capacity deal with Nebius, an early sign of Meta's growing use of external AI compute.

“With the new generation of NVIDIA Blackwells coming online, more customers are interested in purchasing capacity in advance and securing it for a longer period of time.”

NVIDIA's new Blackwell GPUs are pulling customers to pre-commit AI-cloud capacity, and Nebius is among the first to deploy them, a demand read-through for NVIDIA's newest chips.

“they are looking forward to launch their robotaxi service with Uber later this year”

Nebius's Avride unit plans to launch a robotaxi service with Uber later in the year, indicating Uber is expanding its autonomous-vehicle partner network.