Yandex founder launches new Amsterdam-based AI venture after Russia divestment

Quick Summary:

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.

She has a background in international relations and covers clean and climat (show all) Linnea is the senior editor at TNW, having joined in April 2023.

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Article Details

Author / Journalist: Linnea Ahlgren

Category: Technology

Markets: NetherlandsUkraine

Topics: Next Featured Startups and technology Europe Deep tech Artificial Intelligence

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 17:12:09 (12 hours ago)

News Timezone: GMT +1:00

News Source URL: thenextweb.com

Language: English

Article Length: 891 words

Reading Time: 5 minutes read

Sentences: 40 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Next Web

News ID: 21655407

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