Nebius plans $40B AI infrastructure buildout

According to a TechCrunch report published on November 13, 2026, at 05:27, Nebius is planning a major expansion of its AI infrastructure backed by a total investment of $40 billion. On the funding side, Nebius intends to cover the cost of this build-out by drawing on customer prepayments and loans, rather than relying solely on its own balance sheet or a single capital source. The same report adds that delays at a Microsoft data center have prompted outside observers to question whether this financing approach can remain sustainable over time. At this point, the plan has been laid out at a high level, with the investment size and funding structure described, and no further details on execution, construction timelines, or subsequent developments have been made public.