News Russia’s Google’ exits the country — Yandex plans to rebuild with Nvidia GPUs

[Admin]

After nearly two years of negotiations, the Russian-founded tech and search giant Yandex is rebranding in the EU under a new name.

Russia’s Google’ exits the country — Yandex plans to rebuild with Nvidia GPUs : Read more

 

[BTM18]

“All connections with Russia have now been severed,”
Oh sure.
Way to drop the ball EU.

 

[BlueRacingCar123]

“All connections with Russia have now been severed,”
Oh sure.
Way to drop the ball EU.

Surely will EU listen to a random angry guy on a tech forum. It's about money, if you don't know.

 

[Findecanor]

Now, Yandex will have to start abiding to EU data collection laws.
They were far from compliant with them even many years ago.
The way you could use their image search engine to find and identify people was scary.

 

[Co BIY]

Sounds like a pretty complex maneuver financially, with personnel, and from a business strategy perspective.

What did they keep, what did they give up ?

I couldn't really tell from the article.

Were most of the employee's always outside of Russia?

 

[CmdrShepard]

Were most of the employee's always outside of Russia?

Can't tell you specifics but they do hire outside of Russia. Even I got an offer once to go work for them.

 

[derekullo]

Surely will EU listen to a random angry guy on a tech forum. It's about money, if you don't know.

Money yes, but the hypocrisy of accusing Arkady Volozh of being complicit in the Ukrainian invasion while the EU continues to buy fossil fuels from Russia is not a good look.
Especially as Arkady Volozh literally closed shop and no longer sells to Russia allowing him to turn the claim back on the EU saying they are too complicit in the Ukrainian invasion.

 

[umeng2002_2]

Yandex's image search is miles better than Google or Bing.

 

[Veritas_Aequitas]

Caveat Emptor!
Russian founded company with many Russian staff "relocated and severed all ties with Russia". Hmm. Will they no longer provide any services within Russia?
A Trojan horse embedded in Europe?
Time will tell but I for sure will not be using any of their services

 

[nameless0ne]

This sounds like a super expensive endeavour. They've likely had to offload their RU assets at throwaway prices. Employee relocation would cost a ton. But the kicker - investing in AI. This is crazy expensive. No one has a plan on how to recoup this investment. And if they find one - the market might be over-saturated with providers hawking their services. Currently the only business model for AI seems to be gobbling up investment.