From Yandex’s ashes comes Nebius, a ‘startup’ with plans to be a European AI compute leader

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When is a startup not a startup? When it’s a public company with 1,300 employees and $2.5 billion in capital. If that failed to conjure so much as a smile, that’s because it’s not a joke — it’s very much the reality for Nebius, a fledgling AI infrastructure business that has emerged from the ashes of Yandex; a multi-billion dollar juggernaut once touted as the “Google of Russia.”

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