Nebius monthly digest, October 2024

Nebius has launched a revised version of its platform, named "Newbius," to enhance service offerings, particularly for AI needs, by introducing a faster storage backend, new GPU support, and improved UI. This updated platform has been tested by the company's LLM R&D team and select clients, and was made universally available in October. In a keynote at TechCrunch Disrupt, Chief Business Officer Roman Chernin highlighted Nebius' competitive edge in the AI cloud market and announced the establishment of the company's first US data center. To facilitate the initiation of AI projects, Nebius introduced the Explorer Tier, providing access to NVIDIA® H100 Tensor Core SXM GPUs at reduced prices, and significantly cut costs in Nebius AI Studio, making cutting-edge AI tools more affordable. Additionally, an expansion in Finland is tripling data center capacity to accommodate up to 60,000 graphic cards. As the company marks its first anniversary, it reflects on accomplishments like a platform rewrite, Nasdaq trading, and global customer support, while remaining optimistic about future prospects.

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