Arkady Volozh, Former Yandex CEO, Launches New AI Infrastructure Venture
10 Sources
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Russian tech guru Volozh to build a new AI powerhouse
After two and a half years of divorce from the Russian Yandex and a fight to lift personal sanctions, the founder and former CEO of "Russia's Google", , is starting over again. One of the longest-running corporate sagas in came to an end after - the Dutch company founded by Volozh - completed a
[2]
Former Yandex chief Volozh returns with AI infrastructure venture after Russia split
July 16 (Reuters) - Freed from its ties to Russia, newly unveiled Dutch firm Nebius hopes to help lead the great drive to build the infrastructure underpinning artificial intelligence, founder Arkady Volozh, who previously set up Russian tech giant Yandex, told Reuters. A Russian consortium of
[3]
Who is Arkady Volozh, former Yandex CEO, and what is his new AI venture?
July 16 (Reuters) - After almost two years of negotiations, a deal to split Russian tech giant Yandex's assets was completed this week, with most revenue-generating businesses staying in Russia and former CEO Arkady Volozh returning to lead a new AI-focused group abroad. Dutch firm Nebius, founded
[4]
Yandex founder to build AI business in Europe after Russia exit
The co-founder of Russian tech group Yandex is launching an artificial intelligence venture in Europe mostly staffed with the company's former employees after its parent this week concluded a deal to exit the country. Arkady Volozh, one of only two prominent Russian businessmen to condemn Moscow's
[5]
Former Yandex chief Volozh returns with AI infrastructure venture after Russia split
The deal marked the end of foreign ownership in Russia's leading technology firm, sharply raising the potential for Kremlin oversight of Russia's internet space. But it also released YNV - now rebranding to Nebius Group - from its Russian shackles, enabling it to pursue development
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Factbox-Who is Arkady Volozh, former Yandex CEO, and what is his new AI venture?
Once the darling of Russia's internet scene, Volozh co-founded Yandex in 1997 during the global dotcom boom, ultimately creating a company that would dominate Russia's online search market, list successfully on Nasdaq and at one point reach a market capitalisation of around $30 billion. When
[7]
Factbox-Who Is Arkady Volozh, Former Yandex CEO, and What Is His New AI Venture?
(Reuters) - After almost two years of negotiations, a deal to split Russian tech giant Yandex's assets was completed this week, with most revenue-generating businesses staying in Russia and former CEO Arkady Volozh returning to lead a new AI-focused group abroad. Dutch firm Nebius, founded by
[8]
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Arkady Volozh is building an AI cloud infrastructure for developers Yandex founder Arkady Volozh is building a cloud service platform for developers to train artificial intelligence models. Named Nebius Group, the company says its aim is to become a European global leader in AI
[9]
The Architect of Russia's Google Is Back
Yandex co-founder Arkady Volozh fought off sanctions and kicked anti-war squatters out of his Amsterdam townhouse. Now he is ready to reveal his new AI company in the Netherlands. But can Europe forget his past? The billionaire Arkady Volozh, known as the architect of "Russia's Google," valued at
[10]
Russian tech firm Yandex's ex-international businesses launch as Nebius Group
July 16 (Reuters) - The international businesses of Russian technology giant Yandex, spun off in a $5.4-billion deal that was finalised this week, launched on Tuesday as Nebius Group, headquartered in Amsterdam and led by former Yandex CEO Arkady Volozh. Volozh, who co-founded Yandex in the 1990s
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Arkady Volozh, co-founder and former CEO of Russian tech giant Yandex, has announced his return to the tech scene with a new AI infrastructure venture. This move comes after his departure from Yandex following Russia's invasion of Ukraine.
Volozh's New Venture
Arkady Volozh, the co-founder and former CEO of Russian tech giant Yandex, has announced his return to the tech industry with a new artificial intelligence (AI) infrastructure venture
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. This move comes after Volozh's departure from Yandex in 2022 following Russia's invasion of Ukraine and subsequent Western sanctions2
.The AI Infrastructure Project
Volozh's new project aims to develop AI infrastructure, focusing on the computational resources required for training large language models
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. The venture, which is still in its early stages, plans to build data centers equipped with the necessary hardware for AI model training. This initiative comes at a time when the demand for AI infrastructure is rapidly growing, with major tech companies investing heavily in this area.Funding and Team
While specific details about funding remain undisclosed, sources suggest that Volozh has secured significant financial backing for his new venture
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. The project has already attracted talent from various tech backgrounds, including former Yandex employees and international experts in AI and data center operations.Global Ambitions
Despite his Russian origins, Volozh's new venture is positioning itself as a global player in the AI infrastructure space. The company is reportedly setting up operations in multiple countries, with a focus on regions with favorable conditions for data center operations, such as access to renewable energy sources and supportive regulatory environments
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.Related Stories
Challenges and Opportunities
Volozh's re-entry into the tech world faces several challenges, including intense competition from established players and potential geopolitical hurdles due to his Russian background. However, the growing demand for AI infrastructure and Volozh's track record in building successful tech companies present significant opportunities for his new venture.
Impact on the AI Landscape
Industry experts believe that Volozh's entry into the AI infrastructure space could potentially disrupt the market and accelerate innovation in the field. His experience in scaling tech operations and navigating complex regulatory environments could prove valuable in addressing the current bottlenecks in AI development and deployment.
References
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