I’m far from a techie, but the very reason I first bought into Nebius earlier this year was because I was so impressed by Arakady and everything he said about his expert team of software engineers that came with him out of Yandex. It seemed to me that we were getting a very experienced team in the guise of a start up and low prices to match.
I’m legitimately trying to understand what is it that Nebius engineers are even working on?
Yes, they inherited a bunch of software engineers from Yandex, but their competitors such as IREN are saying customers are demanding bare metal. Nebius sounds to be building a software layer around the machines, but does Microsoft even need that?
The New Jersey data center build out for Nebius is being done by a company called DataOne. Here’s what we know,
- The company is already 2 months behind schedule on the build out, and no guarantee it will finish in time with the two month cushion
- At first they deleted the story on LinkedIn about the delay, but it turns out it’s true
- The CEO at DataOne is posting about how much money you can make with Nebius stock, “He just had to invest in Nebius and he would have tripled his money”
Lastly I will ask, why are we on this board giving a free pass to a Russian company which rebranded to a European company just in 2024? Historically the board would not even consider names like this in past. We know this adds a massive amount of accounting risk to the overall investment. Here is Saul’s commentary on that from the Knowledge Base,