Nebius tests the neocloud playbook with $40 billion in planned spending

Tech TechCrunch By Rebecca Bellan 12 Nov 2026 21:27 1 min read
Nebius tests the neocloud playbook with $40 billion in planned spending

Nebius plans to fund its $40 billion AI infrastructure expansion through customer prepayments and loans, even as delays at a Microsoft data center raise questions about its financing model.

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