Nebius: A Cloud’s Fleeting Shadow

These ‘neocloud’ enterprises – a term, I confess, that strikes me as unnecessarily ornate – are all the rage. They purchase these ‘GPUs’ – little silicon brains, if you will – and then rent out the capacity to those who require it. A simple transaction, one might think. Yet, it is fueled by a frantic land grab, a desperate construction of data centers that sprout from the earth like… well, like particularly unsightly mushrooms. They grow rapidly, consume vast sums, and offer, as yet, only the promise of future fruit. And losses, of course. Significant losses.








