- Nebius Group plans to invest over $1 billion in AI infrastructure across Europe by mid-2025, expanding GPU capacity and building new data centres.
- This move follows the company’s separation from Yandex, positioning Nebius as a key player in the European AI ecosystem with significant computational power.
OUR TAKE
Nebius’s substantial investment in AI infrastructure signals a strategic shift towards technological advancement and independence. This move could catalyse innovation and economic growth within Europe, marking Nebius as a pivotal player in the AI sector. Expanding GPU capacities will support complex AI computations, driving future developments and collaborations.
–Vicky Wu, BTW reporter
What happened
Amsterdam-based Nebius Group, which originated from the asset division of Russian tech giant Yandex, has declared plans to invest more than 1 billion in artificial intelligence infrastructure across Europe by mid−2025.
This announcement follows a $5.4 billion deal in July where a Russian consortium acquired Yandex’s domestic assets, effectively spinning off its international holdings. Founder Arkady Volozh revealed to Reuters that the company aims to bolster its presence in the burgeoning AI sector. The investment will focus on expanding GPU capacity, including establishing a new GPU cluster in Paris equipped with Nvidia GPUs. Plans also include constructing new data centres and enlarging an existing facility in Finland. Nebius, inheriting Yandex’s Nasdaq listing though currently suspended, includes entities such as Toloka AI, TripleTen, and Avride. The company has already signed agreements to build two additional data centres in Europe and commenced work on extending its Finnish data centre.
Also read: Yandex’s restructuring deal expected to be delayed into next year
Also read: Microsoft invests $1.3B in Mexico’s cloud computing and AI infrastructure
Why it’s important
This significant investment by Nebius underscores the growing importance of AI and the need for advanced infrastructure to support its development and application. The move positions Nebius as a key player in the European AI ecosystem, providing the necessary computational power for AI research and deployment. By focusing on GPU expansion, Nebius addresses the specific hardware requirements vital for training sophisticated AI models. This strategic pivot away from its Russian roots could pave the way for increased collaboration with European partners, fostering innovation and potentially influencing the continent’s technological landscape.
The initiative also highlights the company’s ambition to become a major contributor to global AI advancements, aligning with the trend towards increasing AI capabilities and the associated economic benefits.
