Nvidia Joins Investment Round of AI Infrastructure Company Nebius

Foreks - The artificial intelligence infrastructure company Nebius Group announced that it has raised $700 million through a private placement from investors, including accounts managed by Nvidia Accel and Orbis Investments. Nebius emerged after the division of Russian internet giant Yandex's domestic and international assets in a $5.4 billion deal in July, and is involved in efforts to build the infrastructure that underpins artificial intelligence. Nebius was founded by Yandex's former founder and CEO, Arkady Volozh.