Amsterdam-based Nebius Group, which emerged from a deal to split the assets of Russian tech giant Yandex, is planning to invest more than $1 billion in AI infrastructure.

As part of the plan, the AI infrastructure specialist said in a statement that it plans to strengthen its graphics processing unit (GPU) capacity by building a new GPU cluster facility in Paris and expanding its current facility in Finland.

The investment, which include approximately $200 million deployed since the beginning of this year, will enable the company to reach a total capacity of tens of thousands of GPUs in an aim to roll out its AI cloud services to customers around the world.

Nebius’s new GPU cluster in Paris will be among the first in Europe to offer NVIDIA’s H200 Tensor Core GPUs. As an NVIDIA cloud and OEM partner, Nebius will also be one of the first to bring NVIDIA’s Blackwell platform to customers in 2025.

Arkady Volozh, founder and chief executive of Nebius, said: “Our data center in Finland already provides the latest high-performance compute, tools and services to AI developers around the world. The addition of our new GPU cluster in Paris is the next step in our plan to expand Europe’s AI capacity as we develop Nebius into a leading global AI infrastructure company.”

In July, a Russian consortium completed a $5.4 billion acquisition to buy Russia-based Yandex's assets, in a move that severed Yandex’ foreign assets in the largest corporate exit since Russia's invasion of Ukraine in February 2022.

With the move, The Nebius Group incorporated data partner Toloka AI, education technology company TripleTen and autonomous driving unit Avride. Nebius also received Yandex's listing on Nasdaq, although trading remains suspended for now.

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