- Yandex’s non-Russian assets become Nebius, an AI infrastructure company.
- Led by Arkady Volozh, it aims for European market dominance.
- Nebius leverages experienced talent and $2.5 billion capital.
A not-so-startup startup
In an unexpected twist, Yandex’s demise has given birth to Nebius, an AI infrastructure company with grand ambitions.
Led by Yandex co-founder Arkady Volozh, Nebius emerges as a unique entity – a public company with 1,300 employees and $2.5 billion in capital, yet positioning itself as a startup.
Volozh describes it as “starting up, but an unusually big one,” highlighting the scale of resources required for their ambitious AI infrastructure plans.
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From Russia, with cloud
Nebius inherits Yandex’s non-Russian assets, including a Finnish data center and AI cloud platform.
The company aims to become a leading player in Europe’s AI compute market, competing against tech giants and specialized GPU-as-a-service startups.
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Volozh emphasizes Nebius’s advantage: experienced engineers who have built large-scale infrastructure before and are now ready to do it again.
Global talent, European focus
Despite its Russian roots, Nebius is now a truly international company. Its workforce is spread across Amsterdam, Israel, the U.S., and Belgrade, a result of both strategic planning and geopolitical circumstances.
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The company plans to expand its data center capacity in Finland and build new facilities across Europe, positioning itself as a public investment opportunity in the booming AI infrastructure sector.