Nebius Shares Surge Following Major Stake Acquisition by Former OpenAI Employee's Fund
Nebius shares jump as former OpenAI employee's fund buys stake
Image: The Economic Times
Shares of Nebius Group rose over 10% in premarket trading after Situational Awareness, a fund led by former OpenAI employee Leopold Aschenbrenner, acquired a 5.6% stake valued at nearly $2.6 billion. This investment signals confidence in Nebius as a significant player in AI infrastructure.
- 01Situational Awareness is now the largest shareholder in Nebius with a 5.6% stake.
- 02The stake is valued at approximately $2.6 billion as of Wednesday.
- 03Situational Awareness managed $13.67 billion as of March 31, reflecting 148% growth since the end of 2025.
- 04Leopold Aschenbrenner previously worked on OpenAI's Superalignment team, which has since been disbanded.
- 05Nebius reported an almost eightfold increase in quarterly revenue earlier this month.
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Shares of AI infrastructure company Nebius Group surged over 10% in premarket trading on Thursday, following the announcement that Situational Awareness, a fund led by former OpenAI employee Leopold Aschenbrenner, acquired a 5.6% stake in the company. This stake is valued at nearly $2.6 billion as of Wednesday, positioning Situational Awareness as Nebius's largest shareholder. The fund, which managed $13.67 billion as of March 31, has seen significant growth of 148% since the end of 2025. Aschenbrenner, who was part of OpenAI's Superalignment team, has expressed confidence in Nebius's potential as a key player in the competitive AI infrastructure sector. Earlier this month, Nebius reported a remarkable nearly eightfold increase in its quarterly revenue, further boosting investor interest.
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