Nebius, now trading under "NBIS" on Nasdaq, is a newly public company in the AI cloud infrastructure sector, originating from Yandex N. V. , the former holding company of Russian internet giant Yandex. After sanctions halted Yandex N. V. shares due to Russia's Ukraine invasion, the company restructured and offloaded its Russian assets, morphing into Nebius AI with Arkady Volozh as its head. Nebius focuses on selling GPUs "as-a-service" for computational tasks, having launched a comprehensive cloud platform for machine learning processes. Despite a volatile re-entry into public trading, its market value has stabilized, signaling market confidence in its business potential, even though its current valuation is far below its peak. The company's strategy includes expanding its cloud infrastructure, with a new U. S. GPU cluster in Kansas City and customer hubs in San Francisco, Dallas, and New York.

It's also diversifying with other ventures: Avride in autonomous vehicles, Toloka for AI data services, and TripleTen in education technology. Avride, evolved from Yandex’s self-driving unit, is collaborating with Uber for delivery robots and plans to introduce self-driving cars on Uber's platform. Toloka aligns with Nebius’s infrastructure via data labeling services for large enterprises. Meanwhile, TripleTen provides an educational platform for tech sector hopefuls, adding to Nebius’s array of services for the AI industry. Nebius is expanding its AI cloud business with plans to increase its data center capacity, using a mix of owned facilities and co-locations to boost processing power and reduce latency. Such growth highlights Nebius's commitment to solidifying its infrastructure presence in both Europe and the U. S. , aiming for efficiency and speed in its expansion efforts.