Dutch company Nebius (the former parent company of Yandex Yandex NV) will invest more than $1 billion by mid-2025 in developing infrastructure for artificial intelligence (AI) in Europe, the organization announced on its website.
Author:
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Nebius also launched a new GPU cluster in Paris that will offer customers Nvidia’s H200 Tensor Core chips. In addition, in 2025, the company will be one of the first to introduce Blackwell AI chips.
The installation of the equipment will take two months and the data center will receive its first client loads in November 2024. Heat from the cluster’s servers will warm the farm on its roof.
The organization also plans to build two new data centers in Europe and expand the existing one in Finland. The cumulative investments in AI development in Europe will allow Nebius to reach a total capacity of tens of thousands of GPUs, the company said.
In July 2024, Yandex NV sold the Russian business: MCPAO Yandex became its new parent legal entity. In August, Yandex NV changed its name to Nebius and was headed by Yandex co-founder Arkady Volozh.
Author:
Bogdan Muzychenko
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
