Key Takeaways NBIS revenues jumped 625% YoY, lifting ARR guidance to $900M-$1.1B for year-end.NBIS signed a $17.4B GPU capacity deal with Microsoft, its first major long-term contract.MSFT AI revenues hit$13B run rate, with Azure posting $75B annual revenues and 34% growth.Nebius Group N.V. (NBIS) is an upcoming player in the AI-infrastructure market, while Microsoft Corporation (MSFT) is an established tech behemoth. Microsoft’s Azure cloud platform is the second-largest cloud platform after Amazon Web Se ...