Nebius signs $17.4 billion AI infrastructure deal with Microsoft, shares jumpThe deal underscores the surging demand for high-performance AI compute, as companies invest heavily to bolster their AI infrastructure. Mi...
09 Sep, 2025, 07.14 AM IST
Amazon's Bezos leads new investment in AI data company TolokaJeff Bezos’ firm led a $72 million investment in AI data solutions company Toloka, aiming to accelerate its US expansion and product develo...
07 May, 2025, 05.44 PM IST
Is this AI infrastructure company the next Wall Street darling? Its stocks are trading at a massive bargain and could be a good bet in 2025For AI stocks, things have been nothing short of good news over the last six months, starting off with Nvidia's epic run in the months befo...
03 Jan, 2025, 04.24 AM IST
Nvidia among investors in $700 million capital raise by AI firm Nebius GroupNebius was founded by Arkady Volozh, former founder and CEO of Yandex. Volozh said the $700 million financing would give Nebius additional ...
03 Dec, 2024, 09.06 AM IST
Nebius Group's quarterly revenue surges on strong AI demandThe Amsterdam-based company's quarterly revenue surged to $43.3 million in the third quarter, compared with $5 million a year earlier. Excl...
01 Nov, 2024, 08.25 AM IST
Split from Russia's Yandex, Nebius plans $1 billion AI infrastructure investmentA Russian consortium in July finalised a $5.4 billion deal to buy Yandex's Russia-based assets in a move that hived off foreign assets in t...
25 Sep, 2024, 08.32 PM IST
After months of negotiation, a rare Russian compromise as Yandex changes handsSix months earlier, the purchase of Yandex's Russia-based businesses, which generate more than 95% of revenue, by Russian investors looked ...
09 Feb, 2024, 02.57 PM IST
Search engine Yandex owner to exit Russia in $5.2 billion dealThe Kremlin-engineered deal would see Russia's largest technology player fall entirely under Russian ownership, including a fund ultimately...
05 Feb, 2024, 04.03 PM IST
Fear of tech 'brain drain' prevents Russia from seizing Yandex for nowYandex's fate has been the subject of much speculation since it announced plans to pursue a corporate restructuring last November, a move t...
10 Aug, 2023, 06.33 PM IST
War comes to Russian business after drones strike Moscow's financial centreAn explosion early on Sunday rocked the Moskva-Citi business district, several miles west of the Kremlin and home to several skyscrapers, i...
31 Jul, 2023, 09.48 PM IST
Russia's Yandex buys Uber's stake in taxi JV for $703 millionIn 2021, Uber divested its stake in a foodtech and delivery joint venture with Yandex. The companies joined forces in Russia in 2017 to com...
21 Apr, 2023, 09.49 PM IST
Putin ally Kudrin accepts tech giant Yandex's offer of advisory roleYandex's Dutch-registered holding company last month said it planned to divest ownership and control of most of Yandex Group, including its...
05 Dec, 2022, 03.34 PM IST
Russian consumer companies turn to India as western brands pull the plugYandex Market, involved in imports, logistics, customs clearance, storage and distribution of goods, is exploring the possibilities of sour...
25 Apr, 2022, 09.51 AM IST
Russian tech giant Yandex says might defaultIn a press release published Thursday, Yandex, which is legally headquartered in the Netherlands but has its main offices in Russia, said t...
04 Mar, 2022, 11.36 AM IST
NYSE, Nasdaq halt trading in stocks of Russia-based companiesThe Nasdaq-listed stocks halted were Nexters Inc, HeadHunter Group PLC, Ozon Holdings PLC, Qiwi PLC, and Yandex. The NYSE-listed stocks hal...
01 Mar, 2022, 12.19 AM IST
COVID-19 crisis: A shot in the arm for Russian e-commerceThe windswept region in Russia's far east, where winter temperatures can fall below minus 50 degrees Celsius (-58F), has started to boom fo...
19 Nov, 2020, 03.02 PM IST
Alibaba sets up $2 billion Russia venture with Kremlin helpThe Russian Direct Investment Fund will add an unspecified amount of funding in return for a 13 percent stake, while Mail.ru will hold the ...
11 Sep, 2018, 11.17 PM IST