Our strategy is to build and control as much as possible", says Nebius co-founder.

Nebius operates as a full-stack AI cloud company, providing physical infrastructure, managed multi-tenant cloud services, and specialized tools for vertical AI applications. The business model scales through three distinct layers: bare-metal GPU clusters for large-scale foundational model builders like Microsoft and Meta, a multi-tenant cloud for developers, and the "Token Factory" for enterprises building vertical AI products. By controlling the full stack—from data center design to software optimization—the company achieves significant operational efficiency, notably through innovative air-cooling systems in its Finnish facilities. As demand for AI compute grows, Nebius leverages large-scale infrastructure deals to fund its core business expansion, aiming to support the next wave of AI adoption where companies transition from building foundational models to deploying specialized, revenue-generating applications. This evolution reflects a maturing market shifting toward practical, scalable enterprise solutions.