>>512767717No joke, Russia basically got their future legally stolen by Europe because of this war.
Yandex, aka "Russia's Google," got crushed hard after the invasion. Their parent company Yandex NV was a Dutch company listed on NASDAQ. When the US and EU forced it off the market, Yandex NV sued and won, then re-listed as Nevyus.
Nevyus publicly roasted Putin and dumped all their Russian assets. They started moving every business out of Russia ASAP. Planned self-driving taxis in Moscow? Cancelled. Their top scientists? Left Russia within weeks.
Theyโve got this subsidiary called Toloka, basically Russia's version of Scale AI doing data labeling and quality control. Now cut loose from the โRussiaโ tag, theyโre working with Amazon and getting investment way easier.
Nevyusโ cloud game is leveling up big time. They had a data center in Finland and plan to triple it. Also building GPU clusters in Paris, planning more investments in Kansas. That Finnish data center? Just slapped a new sign on it but they're pumping in a billion bucks and 60,000 GPUs by year-end.
All the best Russian tech brains got shipped to the Netherlands where their R&D team already has 500 nerds and theyโre opening a new office soon. Theyโre also buddying up with Nvidia. Their Q2 earnings just blew up and guidance got boosted.
Once called "Russia's Google," now theyโre Europeโs AI underdog. Fun fact: ASML was basically built by Russian engineers, so the Netherlands is riding on Russian brains hard.
So yeah, Russia got played hard by geopolitics, and Europe just straight-up stole their tech future.