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From Yandex’s ashes comes Nebius, a ‘startup’ with plans to be a European AI compute leader
Nebius is the new name for Yandex N.V., the holding company for Russian tech giant Yandex. And Arkady Volozh couldn't be more excited.
If that failed to conjure so much as a smile, that’s because it’s not a joke — it’s very much the reality for Nebius, a fledgling AI infrastructure business that has emerged from the ashes of Yandex; a multi-billion dollar juggernaut once touted as the “ Google of Russia.” Arkady Volozh Image Credits: NebiusVolozh confirmed that the company intends to regain its full unfettered public status now that it’s untethered from its Russian assets, and is actively working with both the Securities and Exchange Commission (SEC) and Nasdaq to achieve that. But the capital required not only to build this, but develop a full system of interconnected GPUs that can communicate and share data and workloads dynamically, is significant — which is why we’re seeing these younger players raise multiple massive rounds of funding in close proximity, spanning debt and equity.
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