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@nebiusai'
$NBIS Chief Revenue Officer Marc Boroditsky, in conversation with
@sam_vadas, said the company's AI infrastructure deal with Microsoft,
$MSFT, is one of the largest AI transactions ever.
As part of the deal, Nebius will provide Microsoft with dedicated artificial intelligence computing capacity worth at least $17.4 billion through 2031.
The company is "focused on servicing AI startups, as well as labs and research organizations that are inventing the next generation of capabilities," Boroditsky said, adding the Nebius aims to "span the entire market" after selling more to software vendors and major enterprises.
"What's in front of us is greater than what we've already reported and shown," Boroditsky said.
Shares of
$NBIS have rallied more than 250% this year.
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