From Yandex’s ashes comes Nebius, a ‘startup’ with plans to be a European AI compute leader

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From Yandex’s ashes comes Nebius, a ‘startup’ with plans to be a European AI compute leader - TechCrunch

Quick Summary:

When discussing “Yandex,” most people mean Yandex LLC, the Russian company founded in 1997 that built everything from search, e-commerce and advertising products, to maps, transportation, and more.

But wouldn’t it be easier to go private and scale the good old-fashioned startup way — away from the pressures of the public glare? “I would say the opposite,” Volozh said.“Building infrastructure is the most capital intensive thing.Who’s building it?

Moreover, Nebius is positioned strongly as it’s operating in one of the hottest spaces in technology right now.“It’s [AI infrastructure] probably the unsexiest ‘thing’ within a very sexy market,” Volozh said.“AI is very interesting — it’s very real, and it’s not hype like the internet wasn’t hype 20 to 30 years ago.