Shares of Nebius (NBIS) surged 10.82% in pre-market trading on Wednesday, following the announcement that Bezos Expeditions, the personal investment company of Amazon founder Jeff Bezos, is leading a significant investment in Nebius's AI data business, Toloka.
According to the reports, Bezos Expeditions is spearheading a $72-million strategic investment in Toloka, a move that has captured the attention of investors and industry observers alike. This substantial financial backing from one of the world's most renowned tech entrepreneurs signals a strong vote of confidence in Nebius's AI capabilities and future prospects.
The investment is expected to bolster Toloka's position in the competitive AI data market and potentially accelerate Nebius's growth in the artificial intelligence sector. As AI continues to reshape various industries, this strategic partnership with Bezos Expeditions could provide Nebius with valuable resources and expertise to expand its AI offerings and enhance its market presence. Investors appear to be reacting positively to this development, as reflected in the significant pre-market stock price increase.
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