Yandex News
24 articles
After Putin dismantled it, Yandex was reborn as Nebius, a key Nvidia partner and builder of Israel's supercomputer. Co-founder Roman Chernin talks exclusively to "Globes."
Nebius, a company founded by former Yandex executives, has rapidly emerged as a significant player in the AI and cloud computing space. The company has partnered with Nvidia and received substantial investments from Nvidia, Accel, and Bezos Expedition. Nebius is building Israels national supercomputer and has expanded its AI processing capabilities across multiple locations. The company has seen a significant increase in its stock price and revenue, positioning itself as a competitor to CoreWeave and other major AI service providers. Despite some criticism, Nebius is viewed positively by analysts and is expected to continue its growth trajectory.
With roots in Russia and a base in Amsterdam, the AI upstart wins a critical national contract.
Nebius, an AI company with roots in Russia and now based in Amsterdam, has been selected by the Israel Innovation Authority to build Israels national AI supercomputer. This marks a significant milestone for Nebius, which emerged from the split of Yandex, the Russian tech giant. The company recently resumed trading on Nasdaq with a market capitalization of $8.3 billion. Despite its complex origins, Nebius is gaining traction in the tech sector, having secured a $700 million investment round led by Nvidia. The company plans to invest $1 billion in AI and cloud infrastructure. Nebiuss CEO, Arkady Volozh, has distanced himself from Russian politics and is focusing on expanding the companys global presence.
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Nebius, founded by Yandex founder Arkady Volozh, operates in CoreWeave's AI server market, but is growing "more rationally", and has far less debt.
Nebius, founded by Arkady Volozh, operates in the AI server market and is experiencing growth with minimal debt. The company is publicly traded on Nasdaq and has raised $700 million in a private placement. Nebius focuses on leasing server farms, primarily using Nvidia processors, and targets smaller technology companies. It is seen as a more stable alternative to CoreWeave, which recently had an IPO but faced valuation cuts due to heavy losses and debt. Nebius benefits from the global demand for AI processing capabilities and has a strategic advantage in software and cloud services, leveraging the expertise of its Yandex cloud team.
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Yango Offices - Tel Aviv | Office Snapshots
Yango, a leading global tech company specializing in advanced mobility and delivery services, has unveiled its new office in Tel Aviv, designed by Switchup. The 1,600 sqm space reflects Yangos innovative spirit, blending industrial chic with natural elements to promote collaboration and creativity. The office features earthy tones, greenery, and communal spaces, fostering a sense of community and well-being. Key design elements include a large kitchen and lounge area for team bonding, private meeting rooms, and flexible collaborative spaces. The design emphasizes functionality, comfort, and productivity, embodying Yangos forward-thinking culture.
What's the founder of "the Russian Google" doing in Israel?
The article discusses the impact of geopolitical events on Yandex, a major Russian technology company founded by Arkady Volozh. Following the Russian invasion of Ukraine, Yandex faced significant challenges, including delisting from Nasdaq and EU sanctions against Volozh. In response, Yandex is attempting to distance itself from Russia by relocating parts of its business to Israel and other locations. Volozh, who has immigrated to Israel, is actively involved in advising startups there. The company plans to exit the Russian market, focusing on AI, cloud, autonomous vehicles, and technology education. Despite these challenges, Volozh remains optimistic about Israels tech ecosystem and is advocating for its growth in AI.
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עזיבה נוספת ביאנדקס: מנכ"ל יאנגו ישראל יוחאי עבאדי פורש
Yango, the Israeli branch of the Russian company Yandexs taxi service, is experiencing management changes as its CEO, Yohai Abadi, announced his departure after less than two years in the role. This follows the earlier departure of Yandex Israels CEO, Yuval Keinan, after just four months. Abadi had been instrumental in expanding Yangos services, including integrating the electric scooter company Wind into Yango. Despite the companys profitability in Israel, it faces challenges due to regulatory issues and geopolitical tensions, particularly following the Russian invasion of Ukraine. Yangos pricing model has also drawn criticism from drivers. The company plans to continue its expansion in Israel and will appoint a new CEO soon.
Management Changes
Yandex wants to move its headquarters to Israel but has some conditions CTech
Arkady Volozh, CEO and founder of Yandex, has announced plans to move the companys global headquarters to Tel Aviv, Israel. The move is aimed at distancing the company from Russia and the sanctions it faces. Yandex, often referred to as the Russian Google, already has significant business activity in Israel, employing 450 people. The company is seeking special conditions to employ non-Israeli workers in Israel. Volozh has also proposed splitting Yandex into two companies - one Russian and one international. However, the company is currently dealing with a debt settlement and the halting of trading of its shares in New York.
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Yandex looks to expand activities in Israel
The closure of Western social media networks by Russia creates new business opportunities for Russian media and communications companies like Yandex. However, Yandex, known as the Russian Google, is in a complex situation due to its international status. The EU has imposed personal sanctions on Yandexs deputy CEO, impacting the companys operations. Yandex is now in talks to sell its media division, including Yandex News. One of the leading candidates to buy it is VK, the Russian Facebook. Yandex is also considering expanding its activities in Israel. The companys center in Israel is responsible for various services, including the Yango taxi service and Deli food delivery service. Yandex is planning to bring several dozen Jewish employees to Israel to set up a development center. Yandexs autonomous food delivery fleet and Yango Deli are highly regarded in the tech sector. Yandexs financial position is problematic, and it is trying to expand activities outside of Russia.
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Russian tech giant Yandex expands Israeli footprint with acquisition of Wind's Tel Aviv operations
Russian tech giant Yandex has acquired shared e-scooter company Winds Israeli operations for an estimated $40 million to $50 million. The acquisition will expand Yandexs mobility platform in Israel, allowing for a variety of last-mile and transportation solutions. Yandex may use the extra vehicles to expand its delivery services, including its express grocery delivery service. The acquisition includes Winds fleet of over 10,000 scooters, infrastructure, and operation system in Israel. Yandex recently launched its scooter-sharing platform in Russia and plans to integrate Winds app into its platform. Yandex is also testing autonomous delivery rovers and plans to bring robotaxis to its platform in the future.
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Yandex buys Wind's Israel e-scooter operations
Yandex is acquiring the e-scooter rental operations of Wind in Israel. The acquisition is expected to complement Yandexs existing Yango taxi hailing and delivery service in Israel. Yandex is also developing an autonomous vehicle for deliveries. Former Partner deputy CEO Yuval Keinan will head Yandexs Israel operations. Wind is considered successful in Israel with tens of thousands of scooters and customers.
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רובוטי משלוחים יצטרפו בקרוב למדרכות תל אביב - אבל לא בטוח שיהיה להם מקום
Yandex, a Russian company, is conducting experiments with small autonomous delivery robots in Tel Aviv. The robots will soon join the busy streets of Tel Aviv and independently deliver food and packages to customers. The current experiment involves a small robot with six wheels accompanied by a human operator. If everything goes as planned, Yandexs robots will be integrated into the citys delivery system. The article highlights the potential chaos that may arise from the introduction of these robots on the crowded streets.
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Yango Israel General Manager Resigns
Yandexs taxi-hailing subsidiary, Yango, launched in Israel in December 2018. The general manager of Yango Israel, Yaniv Alfi, has decided to resign from his position. There were rumors that Yandex was dissatisfied with the subsidiarys performance. Alfi and Yango confirmed the resignation but denied dissatisfaction as the reason. Yango has been competing with Israeli taxi-hailing company Gett but has not been able to dethrone it. Yango has recently started targeting the enterprise market. Alfi will remain with the company for three extra months as a business advisor.
Management Changes
Yandex' Cab-Hailing Service Yango Expands to Additional Israeli Cities
Yandex N.V. will expand its taxi-hailing service Yango to additional cities in Israel, including Haifa and Be’er Sheva. The Yandex app has already been downloaded over 100,000 times in Israel. Yandex also plans to operate 10 autonomous vehicles in Tel Aviv by the end of 2019.
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Yandex' Autonomous Vehicles to Roam Around the Heart of Tel Aviv
Yandex NV, the Russian multinational technology company, announced that it will expand its autonomous vehicle fleet in Israel, with plans to operate an additional seven vehicles by the end of 2019. The company currently has three autonomous vehicles active in Israel and has received approval to test them in a tougher urban environment in southern Tel Aviv. Yandexs autonomous vehicles are already being tested in Moscow and two other Russian cities, and have driven over 1,000,000 kilometers on Russian and Israeli roads. Yandex is the second company, after Intel subsidiary Mobileye, to receive regulatory approval for autonomous vehicle testing in Israel.
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Yandex Expands Data Science Academic Program In Israel
Russian tech company Yandex is expanding its one-year intensive data science program, Y-DATA, to Ben-Gurion University in the Negev. The program aims to provide graduates with advanced STEM degrees and members of elite IDF technology units with the necessary skills to work with machine learning models. Yandex operates its Yandex.Taxi service in Israel and is currently testing autonomous vehicles in Tel Aviv. The company brought its Data School to Israel last year to enhance the Israeli tech community and the global AI system. The Y-DATA program will help develop the next generation of rising Israeli AI stars and provide them with a network and framework for research. Applications for the program close this month.
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Yandex Came to Israel for the Brains, Not the Taxis, Says CEO
Arkadi Volozh, co-founder and CEO of Russian tech giant Yandex, is looking to Israel to help his company win the autonomous vehicle race. Yandex, often referred to as Russias Google, Amazon and Uber, operates a search engine, offers e-commerce options, and runs a taxi-hailing service. The company, which employs 12,000 people, offers its services in 18 countries and controls 57% of the Russian search market. It ended 2018 with revenues of $1.9 billion and a net profit of $660 million. Volozh is now focusing on the autonomous vehicle industry and is looking to recruit Israeli talent to help achieve his goal.
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A Ride in Yandex's Autonomous Vehicle
Yandex conducted the first demonstration rides of its autonomous vehicles in Israel during the Ecomotion 2019 smart mobility show. The company is testing autonomous vehicles in Israel to adjust to the different driving conditions and the Israeli drivers temperament. Yandex plans to launch fully autonomous robo-taxis in Israel in about four years.
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Yandex and Hyundai ink deal to develop driverless car components
Yandex has partnered with Hyundai to develop driverless car components. This is Yandexs first OEM partnership and comes after Hyundais investment in ride-hailing company Ola. The companies will work together to develop control systems for level 4 and level 5 autonomous cars. Yandex plans to expand its self-driving taxi service to more countries and aims to build a car without a steering wheel capable of human-level driving in certain cities within four years. The partnership is a positive growth opportunity for Yandex.
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Yandex let us ride in its autonomous Prius
Yandex, a Russian company, is preparing for a future where its driverless taxis are fully autonomous and remotely managed. The company has been testing its self-driving cars in Russia since August 2018 and has recently been granted permission to operate in Israel. Yandexs autonomous taxis have given over 2,000 rides to date. The company has developed its own hardware and software for the autonomous vehicles, including custom PCs, lidars, cameras, radars, and GPS. Yandex plans to expand its ride-hailing service to Kazan and Moscow in the near future and aims to build a car without a steering wheel capable of human-level driving in certain cities within four years. The autonomous car market is projected to reach $556.67 billion by 2026. Yandex faces competition from companies like Daimler, Baidu, Optimus Ride, and Waymo.
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Yandex to Conduct Autonomous Vehicle Testing in Israel
Yandex NV has obtained permission from the Israeli Ministry of Transportation to conduct test drives of its autonomous vehicles in Tel Aviv. The company is already testing driverless cars in Russia and the U.S. A human driver will be present during the tests to comply with safety regulations. Yandex is developing software and hardware to enable any vehicle to become self-driving. Yandex Music, the companys music streaming service, was also launched in Israel. Yandex is the second company, after Intel subsidiary Mobileye, to receive regulatory approval for autonomous vehicle testing in Israel.
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Russia's Yandex launches Yango taxi app in Israel
Yango, owned by Russian Internet giant Yandex, is officially launching in Israels taxi market. The entry of Yango into the Israeli market will put local taxi hailing app Gett under pressure on its home turf. Yango has already signed up 2,000 drivers in Tel Aviv and will offer a taxi within seven minutes. It will also offer a fixed price ahead of time, regardless of heavy traffic or a different route. Yango will operate in the Tel Aviv region initially and then expand to other cities in Israel. New customers are being offered 50% off their first five rides. Yango has partnered with the Kastel Taxi Association and other major taxi stations.
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Russian Multinational Yandex to Launch Yango Taxi Hailing Service in Israel
Yandex N.V. plans to launch its taxi booking service, Yango, in Israel. Yango will initially be offered in central Israel. This is the third country where Yango is being launched, following Ivory Coast and Finland. Yandexs main rival in Israel is Gett, the local taxi-hailing market leader. Yandex and Gett are already competing in Russia. Yandex sees the Israeli launch of Yango as a pilot and may consider launching additional services, such as delivery and shuttle services, if successful. Yandex Taxi service, launched in 2011, operates in over 600 cities and 14 countries. In 2017, Yandex reported adjusted EBITDA of around $504.8 million. The Israeli taxi market turnover in 2017 was estimated to be around NIS 5 billion ($1.38 billion).
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Yandex buys mobile geolocation co KitLocate
Russian search engine Yandex NV has acquired KitLocate Ltd. and will turn their Herzliya office into its Israeli R&D center. KitLocate offers energy-saving geolocation technology for smartphone apps. The acquisition amount was believed to be $15-20 million. Yandex has a 66% market share in the Russian home market. KitLocate has eight employees and has raised $700,000. Its Israeli customers include Isracard Ltd. and parking payment app Pango, and an American customer is Caesars.
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http://www.bloomberg.com/news/articles/2011-05-24/yandex-jumps-after-raising-1-3-billion-in-biggest-technology-ipo-of-year
Yandex NV, the owner of Russias most popular Internet search engine, experienced a growth-positive impact as its stock jumped 55 percent in Nasdaq Stock Market trading. The company raised $1.3 billion in an initial public offering (IPO) that sold above the proposed price range. The shares of Yandex NV rose $13.84 to $38.84. The IPO signifies the companys successful entry into public trading and the significant investment it received. The event occurred on May 25, 2011.
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