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Nvidia Joins $700 Million Nebius Deal For AI Cloud Services

Nebius Group NV, the technology company rebranded from Russian internet giant Yandex, has raised $700 million from a slate of investors including Nvidia Corp. and Accel Partners LP.With the private placement financing, Nebius will issue 33.3 million shares at $21 each, according to a statement on Monday. The company said it is shelving earlier plans for a share buyback....

Read more at bloomberg.com

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