Nebius Group Owns 28% in 1 of the Hottest Artificial Intelligence Startups Working Toward an IPO

If you have been investing in artificial intelligence (AI) over the past year, then you've likely heard of the AI neocloud company Nebius Group (NASDAQ: NBIS), which split off from the Russian search giant Yandex and began trading on the Nasdaq Stock Exchange last October. The stock has been a moonshot and is up over 618% in the past year, due to insatiable demand for cloud computing capacity.But aside from the company's core AI cloud business, Nebius also owns other AI-related businesses like its autonomous vehicle division Avride and has also acquired some large equity stakes in other AI businesses. Specifically, the company owns a 28% stake in one of the hottest AI startups that is reportedly gearing up for an initial public offering.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool