The designer of Russia's version of Google is back

Arkady Volozh, the billionaire architect of Russia's version of Google, was worth $30 billion at his peak but has long maintained a politically agnostic public persona. “I don't have any friction with the state, just like I don't have any friction with the weather. What happens if it rains? We need to build a service that avoids the rain,” he told WIRED in 2017.

Still, Volozh couldn't avoid the rain. After Russia's invasion of Ukraine, he was targeted by EU sanctions and forced to step down from Yandex, the internet giant he built with the late Ilya Segalovich. Today, the tech billionaire announced he would return as CEO of a new European AI company: Nevius Group, which is technically a reincarnation of the Russian internet giant Yandex. Volozh and his team have been in complex negotiations with the Kremlin for the past two years to sell off parts of its operations that are still based in Russia, including its search engine.

Yandex NV, the Dutch parent of the well-known Russian internet giant, was forced to accept a cut-price price of just $5 billion due to Russian rules against Western companies trying to leave Russia. But the deal allowed Volozh's team to salvage parts of Yandex that were already based abroad, including four AI-focused business units. These are assets that Volozh will turn into what he hopes will become the world's leading AI infrastructure company, which will also be rebranded.

“This life is different. It feels great to be free and start something new,” Voloj said of his new role as CEO of Nevius.

Sitting in his Amsterdam office on Monday, Voloj doesn't want to talk politics; he wants to focus on his new project. Nevius' main business is the cloud division, and Voloj wants to give AI developers access to Big Tech-style infrastructure without the conflicts of interest with the U.S. giants that build their own models on the side. “We're building infrastructure for people who build models to build AI,” Voloj explains the plan behind Nevius.

Nevius has one data center in Finland and plans to triple its capacity this year, with several new ones under construction with hundreds of megawatts of capacity, Voloj said, stressing that the company already has billions of dollars in capital raised and plans to raise more.

Until Nevius' new data centers are built, mostly in Europe, the company is leasing space in dozens of existing data centers. [we] “It will exceed 100 megawatts,” he said. “We're increasingly realizing that the next major bottleneck is the infrastructure itself — data centers, energy. That's one of the key bottlenecks for this industry.”

Volozh's role as CEO isn't the only similarity between Yandex and Nevius. Volozh said that of the 1,300 people currently working at the new company in Europe, many of whom previously worked at Yandex in Russia. He also plans to replicate the same formula that made Yandex so successful. Nevius has divisions dedicated to autonomous driving, data labeling and education technology. The AI ​​cloud will be [business] “This will be our main source of revenue initially and give us the opportunity to grow other things,” Voloj explained.

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