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 ------------------------------------------------------------------------------------...