Nebius shares jump more than 10% as former OpenAI employee's fund buys stake

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Reuters

Thu, May 28, 2026 astatine 7:45 AM CDT 1 min read

May 28 (Reuters) - AI infrastructure steadfast Nebius Group's shares climbed implicit ‌10% successful premarket trading connected Thursday, ‌after Situational Awareness, a money tally by ​a erstwhile OpenAI worker named Leopold Aschenbrenner, became its biggest shareholder.

The gains enactment the banal connected way to unfastened ‌at its highest ⁠in implicit 2 weeks. The money reported a 5.6% involvement ⁠in Nebius, worthy astir $2.6 cardinal arsenic of Wednesday.

Situational Awareness managed $13.67 cardinal arsenic ​of March ​31, representing ​148% maturation from ‌the extremity of 2025. It is tally by Aschenbrenner, who was antecedently portion of the "Superalignment" squad astatine OpenAI.

The team, which worked to guarantee AI stays ‌aligned with quality values, ​has been disbanded since.

The ​Nebius stake ​marks a ballot of ‌confidence successful the institution arsenic ​a ​key subordinate successful the AI infrastructure race. Earlier this month, Nebius reported ​a astir ‌eightfold emergence successful quarterly revenue.

(Reporting ​by Niket Nishant successful Bengaluru; Editing ​by Shinjini Ganguli)

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