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.

6 months ago
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