November 24, 2024: Nebius: From Russian Roots to AI Cloud Innovator - Nebius, formerly Yandex N.V., re-enters Nasdaq as an AI infrastructure startup after shedding Russian assets due to sanctions. Led by co-founder Arkady Volozh, Nebius focuses on GPU as-a-service, competing with major cloud players. It supports its core business with divisions like Avride (autonomous vehicles) and Toloka (AI data labeling). Despite its public company status, Nebius functions as a startup leveraging public capital for growth. It plans U.S. expansion, building data centers and collaborating in a hybrid approach to enhance capacity and reduce latency.
