Source Financial Times article

Volozh is leading 1,300 employees, mostly ex-Yandex staff, to build Nebius, whose core business is developing a cloud computing platform specifically designed to support the training and running of large-scale AI models by start-ups.

Nebius is already working with Europe’s best-known AI start-ups in France and Germany, according to Volozh, with 500 of its engineers focused on developing its specialised cloud infrastructure.