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Nebius, the Nasdaq-listed AI cloud company spun out of Yandex’s international assets in a $5.4 billion deal in 2024, has announced plans to invest £1.7 billion in the UK, building three new NVIDIA-powered deployments on top of its existing site to reach 65 MW of total AI compute capacity when fully operational in 2027.
The credibility of that bet is underwritten by the scale of deals it has signed.
NVIDIA invested $2 billion in Nebius in March 2025, taking an 8.3% stake. Nebius has since signed a $17.4 billion GPU infrastructure agreement with Microsoft and a $27 billion five-year infrastructure deal with Meta. The company also reported Q1 2026 revenue of $399 million, up nearly eightfold year over year.
Plus, Revolut, Europe’s most valuable private tech company, rebuilt its AI stack on Nebius. Its FinCrime agents, which detect and prevent financial crime in real time, run on the startup’s infrastructure, alongside a customer support orchestration platform that handles more than one million tickets every month.
That a company of Revolut’s scale chose a three-year-old Amsterdam-headquartered cloud provider over AWS, Azure, or GCP is the clearest signal of what the £1.7 billion UK investment is about.
The UK has rapidly emerged as one of Europe’s most active AI markets, combining world-class research institutions, fast-growing startups, global enterprises, and increasing government support under the UK Government’s AI Opportunities Action Plan.
“The UK is one of the places where AI is being built, deployed and adopted at the same time. The demand is here. And we are also here for the long run,” says Volozh.
Beyond Revolut, Nebius is supporting the UK’s growing AI biotech sector. Prima Mente, which is developing biological foundation models to accelerate treatments for diseases including Alzheimer’s and Parkinson’s, runs its training and inference workloads on Nebius infrastructure.
The expansion goes beyond hardware. Nebius is actively hiring engineering and R&D talent in London while growing its EMEA commercial operations from the city. Through Nebius Academy, the company is building partnerships with universities and research institutions to address the UK’s AI skills gap.
“We’re determined to make the UK the best place in the world to build and deploy AI, backing the infrastructure businesses, researchers, and public services need to put this technology to work,” says UK AI Minister Kanishka Narayan.
The largest single AI infrastructure pledges made by a non-hyperscaler in Britain
Nebius operates in one of the most competitive segments of the AI economy.
CoreWeave, the New Jersey-based GPU cloud specialist that listed on Nasdaq in March 2025 at a $23 billion valuation and has since secured $8.5 billion in Wall Street financing, is a key infrastructure partner for OpenAI, Meta, and Anthropic.
Crusoe, which builds clean-energy-powered AI data centres, raised $600M in a Series D at a $2.8 billion valuation. Lambda Labs, which raised $480M in a Series D at a $4 billion valuation in August 2025, also competes for GPU cloud workloads across enterprise AI customers.
What differentiates Nebius is its full-stack approach: raw GPU capacity combined with managed services, AI development tooling including Tavily and Clarifai integrations, its recently acquired Eigen AI inference optimisation capability, and serverless AI capabilities, designed to help customers move from experimentation to production without switching infrastructure providers.
Whether enterprises beyond Revolut make the switch from AWS and Azure, and whether Nebius’s full-stack differentiation holds as hyperscalers accelerate their own GPU cloud capabilities, are questions the next two years will answer.
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