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Nebius Pushes Into Open-Model AI With Token Factory as Hyperscaler Deals Mount

Growth now hinges on energizing new capacity alongside fresh financing.

Overview

  • Nebius introduced Token Factory to deploy and optimize open-source models for high-performance inference with fine-grained access controls and sub-second latency claims.
  • The platform supports NVIDIA Nemotron, DeepSeek, GPT-OSS, Llama and Qwen, targeting vertical AI companies and digital enterprises.
  • Contract momentum continues with a reported $3 billion Meta deal and prior Microsoft work, and Yahoo Finance reports Nebius has won more than $20 billion in neocloud agreements in recent months.
  • Nebius reported an annualized run-rate revenue of $551 million at the end of September, reflecting rapid uptake of its neocloud capacity.
  • Investor interest remains strong—shares are up about 211% year to date—and BWS Financial reaffirmed a Buy on Nov. 13, while analysts highlight reliance on NVIDIA hardware, capacity and power limits, and potential dilution from future capital raises.