Yandex founder launches new Amsterdam-based AI venture after Russia divestment
Yandex founder Arkady Volozh is building a cloud service platform for developers to train artificial intelligence models. Named Nebius Group, the company says its aim is to become a European global leader in AI infrastructure. The launch follows news from yesterday that Yandex had successfully sold its Russian assets in a $5.4bn deal, in what constitutes the largest corporate exit from the country since the start of the full-scale invasion of Ukraine over two years ago. Yandex was a rare Russian tech success story. The most talented developers in the country came together to build a company that went on…This story continues at The Next Web
Yandex founder Arkady Volozh is building a cloud service platform for developers to train artificial intelligence models. Named Nebius Group, the company says its aim is to become a European global leader in AI infrastructure. The launch follows news from yesterday that Yandex had successfully sold its Russian assets in a $5.4bn deal, in what constitutes the largest corporate exit from the country since the start of the full-scale invasion of Ukraine over two years ago. Yandex was a rare Russian tech success story. The most talented developers in the country came together to build a company that went on…
This story continues at The Next Web