Former Yandex AI group raises $700mn from investors including Nvidia
Nebius, the artificial intelligence infrastructure group that was formed from Yandex’s operations outside Russia earlier this year, has raised $700mn from investors including chipmaker Nvidia to capitalise on exploding demand for AI data centres.
Nvidia among investors in $700 mln capital raise by AI firm Nebius Group
AI infrastructure firm Nebius Group on Monday said it was raising $700 million in a private placement from investors including Nvidia , Accel and some accounts managed by Orbis Investments.
AI Stock Nebius Group Jumps After Nvidia Joins $700 Million Investment
AI infrastructure player Nebius Group is raising $700 million through a private placement from a group of investors that includes Nvidia. Nebius stock jumped on the news. The Netherlands-based Nebius Group said in a news release that the funding will support additional capacity for its plan to offer cloud-based computing power for training and running AI models.
Nvidia Drives $700 Million Investment in Nebius to Build AI Superpower in the US
AI infrastructure firm Nebius Group has secured $700 million in funding, led by Nvidia, to expand U.S. operations and accelerate GPU cluster development. The firm projects up to $1 billion in revenue by 2025,
Nvidia, Accel back Netherlands-based AI firm Nebius in $700M deal
Nebius — the rebranded European arm of “Russia’s Google,” Yandex — is riding the AI hype wave to build technology for technologists.
Nvidia among investors in $700 million capital raise by AI firm Nebius Group
Nebius Group is raising $700 million in a private placement from investors, including Nvidia, to build the infrastructure underpinning AI.
Nvidia Invests in Nebius Group’s $700 Million AI Infrastructure Drive
AI infrastructure firm Nebius Group has secured $700 million in a private funding round led by investors such as Nvidia, Accel, and Orbis Investments. The financing marks a critical milestone for the company,
European AI infra company Nebius nabs $700M from Nvidia, Accel, others
Nebius, the European AI infrastructure company formerly known as Yandex, has raised $700 million in financing to power its U.S. expansion.
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2 Years Have Passed Since ChatGPT Vapourware and Bing Gained Nothing, Yandex is About to Overtake Microsoft in Search
THIS month's data from statCounter, an Irish company, shows that Russia's Yandex is nearly as big (internationally, not just BRICS) as Bing. A cause for concern at Microsoft? More so after it spent ...
Datacenter Dynamics1d
Nebius secures $700m equity funding
The company this week announced that it has entered into definitive agreements for a $700 million private placement financing ...
Interfax1d
Yandex buys Pruffme LLC platform; solutions utilized to create Yandex Concept online board service
MOSCOW. Dec 3 (Interfax) - Yandex has acquired Pruffme LLC, a technology platform that includes services to create online boards and organize webinars and video conferences, a Yandex representative ...
techrights.org15h
In Asia, Microsoft's Bing Became Smaller Than Yandex and It Shrinks Every Month
The ChatGPT hype is 2 years old; Bing has shown declines every month since Autumn and Russia's Yandex unseats it (new data from Asia) Take a look at this 2024 graph.
techzine1d
Dutch Nebius obtaines $700 million for AI data center capacity
Nebius, formerly Yandex, recently managed to raise $700 million in an investment round. The European AI infrastructure ...
Interfax5d
Yandex acquires NewPay QR code payment service
MOSCOW. Nov 29 (Interfax) - Russian technology group Yandex has acquired NewPay LLC, a company that is developing a service to pay for goods and services through the Express Payment System's QR code.