AITechStartupsabout 1 hour ago
Nebius Secures $3.5 Billion Citi Financing
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Nvidia-backed Nebius Group secured a $3.5 billion financing facility from Citigroup on Thursday to expand AI data centers and purchase GPUs. The Amsterdam-based company uses the funds for infrastructure development as demand strains capacity, following a prior $775 million facility and a $5.75 billion convertible notes offering in August.
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