Nebius Co-Founder on AI Infrastructure Bubbles | How Price Elastic is Demand for Compute

Roman Chernin is Co-Founder and Chief Business Officer of Nebius, one of the fastest-growing AI infrastructure companies in the world. Today, Nebius operates some of the largest AI compute clusters globally and serves leading AI labs, enterprises, and developers. Today, Nebius has a market cap of $57BN. ----------------------------------------------- Timestamps: 00:00 Intro 01:24 Why AI Infrastructure Is Not a Bubble 04:11 The Real Impact of Open Source on OpenAI & Anthropic 11:03 Jevons Paradox: Why Cheaper AI Creates More Demand 13:06 The Four Layers of AI Infrastructure Explained 18:49 If Nebius Had 10x More Capacity Tomorrow 28:51 The Shift from Training to Inference and Agents 37:18 How Token Factory Cuts AI Costs by 70% 50:34 Sovereign AI, Europe, and the Future of Model Building 53:52 Competing Against Hyperscalers with 10x More Capital 01:08:46 The Biggest Threat to Nebius Isn't Competition ---------------------------------------------------------------------------------------------- Subscribe on Spotify: https://open.spotify.com/show/3j2KMcZ... Subscribe on Apple Podcasts: https://podcasts.apple.com/us/podcast... Follow Harry Stebbings on X:   / harrystebbings   Follow Roman Chernin on X:   / romanchernin   Follow 20VC on Instagram:   / 20vchq   Follow 20VC on TikTok:   / 20vc_tok   Visit our Website: https://www.20vc.com Subscribe to our Newsletter: https://www.thetwentyminutevc.com/con... ----------------------------------------------- #20vc #harrystebbings #nebius #ai #founder #aimodels #gpu