Yandex Founder Launches Nebius Group in Europe After $5.4 Billion Russian Exit

Arkady Volozh's new venture aims to become a leading AI infrastructure provider, employing former Yandex engineers.

Nebius Group will focus on AI-centric cloud platforms, data for generative AI, edtech, and self-driving technology.
The company plans substantial capital investments, leveraging $2.5 billion in cash and no debt.
Volozh's anti-war stance and severed ties with Russia led to the lifting of EU sanctions against him.
Nebius aims to address AI infrastructure bottlenecks with large GPU clusters and data centers in Europe.
Volozh emphasizes the venture's non-political nature compared to Yandex's past entanglements.