Nebius, an AI infrastructure business that emerged from the dismantled Yandex, is positioning itself as a full-stack AI infrastructure company with plans for a large-scale network of GPUs. The company, led by Yandex co-founder Arkady Volozh, aims to become a leading player in Europe’s AI market. Nebius has thousands of GPUs and is rapidly increasing its capacity. It plans to triple the capacity at its current data center facility in Finland and is also looking to build additional data centers across Europe. Nebius is not a typical startup; it has the advantage of experience in building compute infrastructure at scale, thanks to its team of 1,300 employees, many of whom are engineers who transitioned from the old Yandex business. Nebius intends to regain its full public status and believes it will be easier and cheaper to raise capital as a public company. It offers an alternative investment option for those looking for exposure to the AI infrastructure market outside of big tech companies like Microsoft and Google. The company’s geographical spread is a result of chance and the willingness of countries to accept workers fleeing the conflict in Russia. Nebius sees significant potential in the future and is excited about its prospects in the AI market.
