Yandex founder in Europe to build Artificial Intelligence business

Arkady Volozh, co-founder of Yandex, is spearheading Nebius Group, an AI infrastructure company in Europe with a focus on developing a cloud computing platform for large-scale AI models. The move comes after Yandex's exit from Russia due to the war in Ukraine. Volozh, leading a team of 1,300 ex-Yandex employees, aims to leverage their expertise in building specialized cloud infrastructure. Nebius has already collaborated with top AI startups in France and Germany and boasts a data centre in Finland housing Europe's most powerful supercomputer. With $2.5bn cash on hand post-Yandex's Russian business sale, Nebius plans to expand and attract investments, eyeing a Nasdaq relisting. Volozh envisions a significant impact in Europe's tech sector, offering a fresh perspective and substantial growth potential. Stay tuned for more updates on Nebius Group's journey in reshaping the AI landscape.

https://www.ft.com/content/4cee9d1b-6a9a-4ca8-8cfd-e387e373075e
Yandex founder to build AI business in Europe after Russia exit

#Yandex #NebiusGroup #AIInfrastructure #CloudComputing #LargeScaleAI #DataCentre #Supercomputer #TechInvestments #NasdaqListing #EuropeanTechSector #Innovation #futuretech
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