Nebius, formerly Yandex, is transitioning back to public markets as a new entity focused on AI infrastructure, aiming to lead in GPU-as-a-service.
With its Finnish data center, Nebius is leveraging Yandex's assets to carve a niche in the European AI compute market, appealing as an alternative to U.S. giants.
After two years of sanctions impacting Yandex, the return of CEO Arkady Volozh hints at a strategic revival and ambition to redefine AI services in Europe.
Yandex N.V. was a prominent player with a $31 billion valuation before sanctions. Now Nebius seeks to develop its unique offerings amidst a competitive landscape.
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