Greetings,

CoreWeave's been making waves, but there's another player in the AI data center game you should know about: Nebius. In Anita's article from earlier this week, she dives into why Nebius might be a smarter bet than CoreWeave, despite all the IPO buzz.

Nebius is growing fast without the massive debt load CoreWeave's taken on. And they've got a wider range of customers, which is always a good thing. It's also worth noting the complex financial dealings that have taken place around Coreweave's recent IPO, including large investment firms that have secured very favorable terms. This financial background adds another layer to this whole picture.

• Nebius operates with significantly less debt than CoreWeave.
• The company is experiencing rapid growth in the AI data center market.
• Nebius maintains a more diversified customer base.

The article really breaks down the different financial approaches these two companies are taking in the AI data center world, and it's worth a read to get a sense of where things might be headed.

This analysis provides a valuable perspective on the AI infrastructure landscape.

Best,

Jessica Lessin
Founder & Editor-in-Chief

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CoreWeave, the AI–focused data center company set to go public Friday, is the hottest name in both finance and tech right now. Then there's Nebius.

Nebius also builds data centers aimed at artificial intelligence. It is already listed, so there is no IPO fanfare. It is also growing fast and has almost no debt. The most surprising thing about Nebius is the long and winding path it took to get relisted on the market.