AI cloud startup Nebius Group's Q1FY27 revenue reached $399 million (over ₹3,800 crore), compared to $50.9 million a year ago, recording a 682% jump YoY. The firm, which offers infrastructure for training, tuning, and deploying large-scale AI models, recorded first-quarter capex of about $2.5 billion. Nebius expects to generate over ​4 GW of contracted power capacity by the year-end.