Yandex N.V. sold its Russian businesses and became Nebius: the unusual birth of an AI infrastructure company
Nebius Group emerged in 2024 from the Netherlands-registered parent formerly known as Yandex N.V. after it completed the divestment of its Russia-based businesses. Rather than liquidating the remaining international assets, the company adopted the Nebius name and concentrated on AI infrastructure, cloud computing and a portfolio of technology businesses outside Russia.
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