Nebius Jumps 11% After Situational Awareness Reveals 5.6% Stake
Updated
Updated · CNBC · May 28
Nebius Jumps 11% After Situational Awareness Reveals 5.6% Stake
3 articles · Updated · CNBC · May 28
Nebius rose 11% in premarket trading after a regulatory filing showed Situational Awareness owns 12.4 million Class A shares, equal to a 5.6% stake.
Situational Awareness was founded by former OpenAI researcher Leopold Aschenbrenner and says it invests in the physical infrastructure needed for AI.
Nebius shares were already up 149% year to date as the Dutch cloud provider has expanded its role as an AI compute supplier in Europe.
March deals helped fuel that rise: Nebius struck a $27 billion agreement with Meta for up to five years of compute capacity and took a $2 billion investment from Nvidia.
Can a firm with Russian origins, backed by US capital, truly secure Europe's AI independence?
As billions pour into AI infrastructure, are we building a foundation or inflating the next tech bubble?
With AI's immense power demands, can Europe's green energy goals survive the race for computational supremacy?