Yandex
Yandex Co-Founder Launches European AI Venture with 1,300 Staff
July 19, 2024 – According to a report by the Financial Times on the 17th, Arkady Volozh, the co-founder of Russian technology giant Yandex, is launching a new AI company in Europe, primarily composed of former Yandex employees. Volozh will helm this new venture, named Nebius, which focuses on AI infrastructure. Currently, Nebius boasts approximately…
Yandex Changes Hands: Dutch Parent Company Sells to Russian Investors for $5.4B
July 16, 2024 – This week, a significant deal in the technology sector was finalized, as reported by Reuters. The Russian tech giant Yandex has reached an asset division agreement, with a consortium of Russian investors acquiring a majority of Yandex’s business in a cash and stock transaction valued at approximately $5.4 billion. Founded during…