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Nebius Group, a Yandex spin-off, plans to invest $1B in European AI infrastructure by 2025.
Nebius Group, a spin-off from Russia's Yandex, plans to invest over $1 billion in AI infrastructure across Europe by mid-2025.
Following a $5.4 billion deal to sell Yandex's Russian assets, Nebius aims to enhance GPU capacity with a new cluster in Paris and expanded data centers, particularly in Finland.
The company, which includes partners like Toloka AI and TripleTen, has inherited Yandex's Nasdaq listing, currently suspended.
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Nebius Group, un spin-off de Yandex, planea invertir $1B en infraestructura europea de IA para 2025.