Thursday, September 11, 2025

AI infrastructure company Nebius to raise $3 billion to fuel growth

The financing includes a $2 billion private offering of convertible senior notes and a $1 billion underwritten public offering of the company's class A shares. Nebius said it will use the cash to finance continuing growth, including the acquisition of additional compute power and hardware, securing land plots with reliable providers and expanding its data center footprint.

from Tech-Economic Times https://ift.tt/gpASC9e

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Elon Musk's Tesla, SpaceX launch Terafab chips project; here's all you need to know

The project envisages setting up space-based AI computing, enabled by solar-powered satellites that could host data centres in orbit. From 1...