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An attempt to add more breadth to the AI boom.

Shares of Nebius are trading well in the green on Wednesday after the neocloud launched the Nebius Token Factory, a platform that offers access to inference compute and supports over 60 open-source AI models. It’s an attempt to muscle in on turf held by the likes of Amazon and Microsoft by providing computing power that companies can use to run the applications they’ve developed.

If there’s a “problem” with the AI boom, so to speak, it’s that demand could be described as more mile-deep and inch-wide than vice versa. There isn’t yet a ton of breadth in terms of how much AI has permeated the corporate world.

Nebius is clearly positioning for that to change, and for it to get a slice of that expanding pie. Cofounder and Chief Business Officer Roman Chernin told Bloomberg that the Token Factory is mostly about boosting Nebius’ customer base, rather than attempting to boost margins. The value proposition is: make it as easy as possible for companies to dip their toes into the AI waters by combining the no-cost appeal of open-source models with an all-in-one bundle for execution where they pay per token.

“Early adopters of Nebius Token Factory are leveraging the platform to power a wide range of AI solutions from intelligent chatbots and coding copilots to high-performance search, retrieval-augment generation (RAG), document intelligence and automated customer support,” per the press release.

Pinterest sinks after weak revenue guidance and Q3 adjusted EPS misses estimates by 10%

Pinterest plunged nearly 18% in premarket trading on Wednesday, after the company reported lower-than-expected earnings and a weak holiday quarter forecast after the bell on Tuesday.

The social media platform posted adjusted earnings per share of $0.38, below Wall Street’s $0.42 estimates, while revenue matched analysts’ expectations at $1.05 billion, up 17% from a year earlier.

The fly in the earnings ointment appears to be the guidance, however, with Pinterest expecting Q4 sales of only $1.31 billion to $1.34 billion, with the midpoint trailing analysts’ $1.34 billion forecast.

Global monthly active users came in at an all-time high of 600 million, beating expectations, but average revenue per user came in at $1.78, slightly shy of projections. During the earnings call, CFO Julia Donnelly said the company saw “pockets of moderating ad spend” in the third quarter as “larger US retailers navigate tariff-related margin pressure.”

The company’s soft results come as its peers, including Meta, Amazon, and Alphabet, recently reported strong digital ad sales.

CEO Bill Ready said Pinterest’s AI push is “paying off,” highlighting last week’s launch of its AI-powered shopping assistant, Pinterest Assistant. Still, growth in its core North American market — which generates roughly three-quarters of its revenue — remains a drag heading into the holiday season.

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