Nebius, Split from Russia's Yandex, Plans $1 Billion AI Infrastructure Investment
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On Wed, 25 Sept, 4:05 PM UTC
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Split from Russia's Yandex, Nebius plans $1 billion AI infrastructure investment
LONDON, Sept 25 (Reuters) - Amsterdam-based Nebius Group, which emerged from a deal to split the assets of Russian tech giant Yandex, plans to invest more than $1 billion in infrastructure in Europe for artificial intelligence (AI) by mid-2025, the company said on Wednesday. A Russian consortium in July finalised a $5.4 billion deal to buy Yandex's Russia-based assets in a move that hived off foreign assets in the largest corporate exit since Russia's invasion of Ukraine in February 2022, albeit at a big discount. Advertisement · Scroll to continue Freed from its ties to Russia, Nebius plans to join a drive to build infrastructure underpinning artificial intelligence, founder Arkady Volozh told Reuters in July. Nebius Group includes data partner Toloka AI, education technology business TripleTen, and self-driving unit Avride. Nebius (NBIS.O), opens new tab has also inherited Yandex's Nasdaq listing, although trading remains suspended for now. Nebius said in a statement that it would spend the funds on expanding GPU (graphics processing unit) capacity, including on a new GPU cluster in Paris that will offer Nvidia GPUs, new-build data centres and expanding its data centre in Finland. Advertisement · Scroll to continue The investments will enable Nebius to reach a total capacity of tens of thousands of GPUs, it said. Nebius has signed letters of intent to build two new data centres in Europe, it added, and has started work on expanding the Finland data centre. Reporting by Alexander Marrow Editing by Mark Potter Our Standards: The Thomson Reuters Trust Principles., opens new tab
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Split from Russia's Yandex, Nebius plans $1 billion AI infrastructure investment
LONDON (Reuters) -Amsterdam-based Nebius Group, which emerged from a deal to split the assets of Russian tech giant Yandex, plans to invest more than $1 billion in infrastructure in Europe for artificial intelligence (AI) by mid-2025, the company said on Wednesday. A Russian consortium in July finalised a $5.4 billion deal to buy Yandex's Russia-based assets in a move that hived off foreign assets in the largest corporate exit since Russia's invasion of Ukraine in February 2022, albeit at a big discount. Freed from its ties to Russia, Nebius plans to join a drive to build infrastructure underpinning artificial intelligence, founder Arkady Volozh told Reuters in July. Nebius Group includes data partner Toloka AI, education technology business TripleTen, and self-driving unit Avride. Nebius has also inherited Yandex's Nasdaq listing, although trading remains suspended for now. Nebius said in a statement that it would spend the funds on expanding GPU (graphics processing unit) capacity, including on a new GPU cluster in Paris that will offer Nvidia GPUs, new-build data centres and expanding its data centre in Finland. The investments will enable Nebius to reach a total capacity of tens of thousands of GPUs, it said. Nebius has signed letters of intent to build two new data centres in Europe, it added, and has started work on expanding the Finland data centre. (Reporting by Alexander MarrowEditing by Mark Potter)
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Split From Russia's Yandex, Nebius Plans $1 Billion AI Infrastructure Investment
LONDON (Reuters) -Amsterdam-based Nebius Group, which emerged from a deal to split the assets of Russian tech giant Yandex, plans to invest more than $1 billion in infrastructure in Europe for artificial intelligence (AI) by mid-2025, the company said on Wednesday. A Russian consortium in July finalised a $5.4 billion deal to buy Yandex's Russia-based assets in a move that hived off foreign assets in the largest corporate exit since Russia's invasion of Ukraine in February 2022, albeit at a big discount. Freed from its ties to Russia, Nebius plans to join a drive to build infrastructure underpinning artificial intelligence, founder Arkady Volozh told Reuters in July. Nebius Group includes data partner Toloka AI, education technology business TripleTen, and self-driving unit Avride. Nebius has also inherited Yandex's Nasdaq listing, although trading remains suspended for now. Nebius said in a statement that it would spend the funds on expanding GPU (graphics processing unit) capacity, including on a new GPU cluster in Paris that will offer Nvidia GPUs, new-build data centres and expanding its data centre in Finland. The investments will enable Nebius to reach a total capacity of tens of thousands of GPUs, it said. Nebius has signed letters of intent to build two new data centres in Europe, it added, and has started work on expanding the Finland data centre. (Reporting by Alexander MarrowEditing by Mark Potter)
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Nebius to invest more than USD 1 billion to build AI infrastructure in Europe
Nebius to invest more than USD 1 billion to build AI infrastructure in Europe Amsterdam, September 25, 2024 - Nebius (NASDAQ:NBIS), an AI infrastructure company, today announced the launch of a new GPU cluster in Paris, as part of the company's plans to invest more than USD 1 billion by mid-2025 in AI infrastructure in Europe. Arkady Volozh, founder and CEO of Nebius, said: "We work in a new industry which requires both deep technology and significant capital. Our data center in Finland already provides the latest high-performance compute, tools and services to AI developers around the world. The addition of our new GPU cluster in Paris is the next step in our plan to expand Europe's AI capacity as we develop Nebius into a leading global AI infrastructure company." Nebius's new GPU cluster in Paris will be among the first in Europe to offer NVIDIA's H200 Tensor Core GPUs. As an NVIDIA cloud and OEM partner, Nebius will also be one of the first to bring NVIDIA's state-of-the-art Blackwell platform to customers in 2025. Already one of the leading providers of GPU capacity in Europe through its highly energy-efficient data center in Mäntsälä, Finland, Nebius's AI infrastructure build-out strategy combines investments in new-build data centers at greenfield sites primarily in Europe with new colocations and additional capacity at its existing facilities. In Europe, Nebius has signed letters of intent to build two new data centers. The company has also started work on expanding its data center in Finland. Together, these investments - which include approximately USD 200 million deployed since the beginning of this year - will enable the company to reach a total capacity of tens of thousands of GPUs to bring its highly differentiated AI cloud offering to customers worldwide. Nebius is being purpose-built to meet the demands of the global AI industry and leans on deep technical expertise across hardware, software and machine learning. The company's 500+ strong team of engineers has decades of knowledge of building world-class tech infrastructure as well as an in-house LLM R&D team. About Nebius Nebius is a technology company building full-stack infrastructure to service the explosive growth of the global AI industry, including large-scale GPU clusters, cloud platforms, and tools and services for developers. Headquartered in Amsterdam and listed on Nasdaq, the company has a global footprint with R&D hubs across Europe, North America and Israel. Nebius's core business is an AI-centric cloud platform built for intensive AI workloads. With proprietary cloud software architecture and hardware designed in-house (including servers, racks and data center design), Nebius gives AI builders the compute, storage, managed services and tools they need to build, tune and run their models.
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Nebius, formerly part of Russian tech giant Yandex, announces plans to invest $1 billion in AI infrastructure across Europe. The move marks a significant step in the company's global expansion and commitment to AI development.
Nebius Emerges from Yandex Split
Nebius, a technology company born from the international division of Russian internet giant Yandex, has announced ambitious plans to invest $1 billion in artificial intelligence (AI) infrastructure across Europe 1. This move comes as part of the company's strategy to establish itself as a major player in the global AI market following its separation from Yandex.
Massive Investment in AI Infrastructure
The company's substantial investment will be directed towards building data centers and acquiring the necessary hardware to support large language models and other AI technologies 2. Nebius plans to deploy this infrastructure across various European locations, with a focus on countries such as Finland, Germany, and potentially others in Western and Central Europe.
Strategic Partnerships and Technology
As part of its expansion strategy, Nebius has formed partnerships with key players in the tech industry. Notably, the company has secured a deal with Nvidia, a leading manufacturer of AI chips, to supply the hardware necessary for its ambitious AI projects 3. This collaboration underscores Nebius's commitment to leveraging cutting-edge technology in its AI development efforts.
Global Expansion and Market Positioning
The $1 billion investment represents a significant step in Nebius's global expansion strategy. By establishing a strong presence in Europe, the company aims to compete with major tech giants in the AI space 4. This move also allows Nebius to distance itself from its Russian origins and position itself as a global technology company.
Focus on AI Services and Products
Nebius intends to leverage its new infrastructure to offer a wide range of AI-powered services and products. These include cloud computing solutions, machine learning tools, and other AI-driven applications that cater to businesses and developers across various industries 1. The company's goal is to become a key provider of AI technologies in the European market and beyond.
Challenges and Opportunities
As Nebius embarks on this ambitious journey, it faces both challenges and opportunities. The company will need to navigate the competitive landscape of the AI industry, differentiate itself from established players, and build trust with potential clients who may be cautious due to its Russian roots 2. However, the substantial investment and strategic partnerships position Nebius to potentially become a significant force in the European AI market.
Reference
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U.S. News & World Report
|Split From Russia's Yandex, Nebius Plans $1 Billion AI Infrastructure Investment
Nebius Raises $700 Million for AI Infrastructure Expansion, Backed by Nvidia and Others
Nebius Group, formerly known as Yandex N.V., secures $700 million in funding to accelerate its AI infrastructure expansion in the US and Europe, with investments from Nvidia, Accel, and Orbis Investments.
10 Sources
10 Sources
Nebius Triples AI GPU Capacity in Finland, Investing $1 Billion in European AI Infrastructure
Nebius, an AI infrastructure company, is expanding its data center in Mäntsälä, Finland, tripling its GPU capacity to 75 MW. This expansion is part of a $1 billion investment in European AI infrastructure, showcasing the company's commitment to sustainable and efficient AI computing solutions.
2 Sources
2 Sources
Nebius Group: AI Firm Split from Russia's Yandex Set for Volatile Nasdaq Return
Nebius Group, an AI infrastructure company formed from Yandex's international assets, is set to resume trading on Nasdaq after a lengthy suspension. Investors anticipate high volatility as the company positions itself in the growing AI cloud market.
7 Sources
7 Sources
Nebius Group Targets $1 Billion in Annual Recurring Revenue by 2025 as AI Infrastructure Firm
Nebius Group, an AI infrastructure company born from the split of Russian internet giant Yandex, anticipates annual recurring revenue of $500 million to $1 billion by 2025. The company is set to resume trading on Nasdaq after a suspension due to geopolitical events.
4 Sources
4 Sources
Nebius Group Expands AI Infrastructure in US with New GPU Cluster and Offices
Nebius Group, formerly part of Yandex, announces plans to launch its first GPU cluster in Kansas City, Missouri, and opens new offices across the US as part of its strategy to become a leading AI infrastructure provider.
4 Sources
4 Sources
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