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.

September 25, 2024
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