<ul><li>AI infrastructure company Nebius Group (Nebius) announced a private placement financing round, raising USD 700 million.</li><li>Investors in the round include Nvidia, Accel, and certain accounts managed by Orbis Investments.</li><li>The financing will support Nebius' plans to expand its AI infrastructure, including GPU clusters, data centers, and services for developers.</li><li>The funds will also be used to support Nebius AI Studio, which offers machine learning services to app developers.</li></ul>

Nebius Raises USD 700 Million to Accelerate AI Infrastructure Expansion, Backed by Nvidia

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