Nebius Group N.V. acquired U.S. startup Eigen AI for approximately $643 million in cash and stock. Eigen AI specializes in AI inference and model optimization technology. Nebius will integrate the startup's tools into its Token Factory platform. The acquisition includes establishing a new research base in the San Francisco Bay Area.
Nebius Group (NBIS) shares jumped more than 11% following the announcement. The deal represents a strategic expansion into the rapidly growing AI inference sector. Despite the market enthusiasm, reports highlight that Nebius is not yet profitable. The company continues to face ongoing business risks.