"We have demonstrated the scale of our ambitions, initiating an AI infrastructure build-out across two continents," said Arkady Volozh, founder and CEO of Nebius. "This strategic financing gives us additional firepower to do it faster and on a larger scale."
Volozh aims for Nebius to be a Phoenix rising from the ashes of what remained of Yandex following the company's divestment from Russia earlier this year. The $5.4bn deal constituted the largest corporate exit from the country since the start of Russia's full-scale invasion of Ukraine over two years ago.
"The deal is not about the GPUs," Volozh told Bloomberg. "But, of course, it shows our close relationship, which we hope will influence our pipeline."
Collection
[
|
...
]