Nebius secures $3.5 billion Citi facility for data centers and GPUs

The secured borrowing arrangement lasts 364 days, according to The Next Web, which reports that the Amsterdam-based AI cloud company announced it on Thursday. Nebius says AI computing prices are rising. CNBC reports that investors are scrutinizing the debt, borrowing costs and economics of companies building AI infrastructure.

Covered by 2 publishers within 25 hours of the first report.

• The Next Web: Nebius borrows $3.5bn from Citi as it says AI compute prices keep rising

Reporting2

TNW The Next Web Nebius borrows $3.5bn from Citi as it says AI compute prices keep rising · Cristian Dina 7:56 AM

DCD Data Center Dynamics Neocloud Nebius secures $3.5bn in financing from Citi 9:00 AM

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Topics Data centers