Jump to content

Talk:Arkady Volozh

Page contents not supported in other languages.
From Wikipedia, the free encyclopedia

Where does he live?

[edit]

The article says he lives in Moscow then goes on to say he lives in Israel later in the same section. 66.65.48.102 (talk) 02:36, 2 September 2022 (UTC)[reply]

Good catch. I've updated the article. Somers-all-the-time (talk) 13:53, 4 September 2022 (UTC)[reply]

Russo-Ukrainian war

[edit]

The article says that he left Yandex in June 2022 "after the start of Russian War in Ukraine" and links to Russo-Ukrainian War. However, the Russo-Ukrainian war started in 2014. He left Yandex after the start of the 2022 Russian invasion of Ukraine.

Whereas both statements are formally correct I changed to the Russian invasion of Ukraine.--Ymblanter (talk) 14:21, 7 August 2023 (UTC)[reply]
[edit]

Prior content in this article duplicated one or more previously published sources. The material was copied from: https://meduza.io/en/news/2023/08/07/yandex-co-founder-arkady-volozh-updates-his-entrepreneurial-bio-russia-shrinks-to-marginal-mention. Copied or closely paraphrased material has been rewritten or removed and must not be restored, unless it is duly released under a compatible license. (For more information, please see "using copyrighted works from others" if you are not the copyright holder of this material, or "donating copyrighted materials" if you are.)

For legal reasons, we cannot accept copyrighted text or images borrowed from other web sites or published material; such additions will be deleted. Contributors may use copyrighted publications as a source of information, and, if allowed under fair use, may copy sentences and phrases, provided they are included in quotation marks and referenced properly. The material may also be rewritten, provided it does not infringe on the copyright of the original or plagiarize from that source. Therefore, such paraphrased portions must provide their source. Please see our guideline on non-free text for how to properly implement limited quotations of copyrighted text. Wikipedia takes copyright violations very seriously, and persistent violators will be blocked from editing. While we appreciate contributions, we must require all contributors to understand and comply with these policies. Thank you. GreenLipstickLesbian (talk) 21:13, 1 May 2024 (UTC)[reply]

Career section restructure

[edit]

I'd like to offer some ideas to reorganize and clean up this page. The Career section is a bit disjointed and redundant. I have restructured the section below to align it with BLP guidelines. For convenience, I have highlighted the suggested changes and additions:

Career

[edit]

Early career

[edit]

Volozh is a serial entrepreneur with a background in computer science. After working at a state pipeline research institute, he started a small business importing personal computers from Austria. He went on to co-found several IT enterprises besides Yandex, including a Russian provider of wireless networking technology InfiNet Wireless, and CompTek International, one of the largest distributors of network and telecommunications equipment in Russia.[1]

Volozh co-founded CompTek in 1989. He also started working on search in 1989, which led to him establishing Arkadia Company in 1990. The company was developing search software. In 1993, Arkady Volozh and Ilya Segalovich developed a search engine for "non-structured information with Russian morphology".[2]

Yandex

[edit]

Volozh co-founded Yandex in 1997, later leaving his position as CEO of CompTek International to become the CEO of Yandex in 2000.[3] Yandex, a Nasdaq listed company, developed, and offered a variety of technologies and services under Volozh, in the fields of Ecommerce, navigation, mobility, autonomous vehicles, payments, music, emails and more.[4] The Yandex IPO in 2011 was the largest one until then, after the Google IPO in 2004.[5] In November 2021 the company was valued at $30 billion.[6]

As part of a larger effort to spread machine learning, Volozh and the Yandex team established the Yandex School of Data Analysis in 2007, offering a free master's level program in data science.[7] The program has grown to include six branches, online courses, and other learning programs through multiple partnerships. In 2018, the school opened a branch in Tel Aviv to launch a one-year career advancement program in machine learning.

After the Russian invasion of Ukraine, in May 2022 Volozh wrote a letter to then Israeli Prime Minister Naftali Bennett, and to the ministers of finance, interior, and innovation & technology stating that 'I have made a decision to move the global Yandex headquarters to Tel Aviv and bring many hundreds of developers, engineers and technologists to Israel, decided to move the global Yandex headquarters, along with hundreds of developers, engineers and technologists to Tel Aviv.[8] In June 2022, after the Russian invasion of Ukraine, the EU imposed sanctions against Volozh and he then resigned from all his positions at Yandex.[9]

In August 2023 Volozh announced that he was "totally against Russia’s barbaric invasion of Ukraine, where I, like many, have friends and relatives. I am horrified by the fact that every day bombs fly into the homes of Ukrainians".[10] He also stated that although he moved to Israel in 2014, he has to take his share of responsibility for the Russia's actions.[11][12] By the time of his announcement Volozh was only the second sanctioned Russian businessman to take a stance against the invasion.[13] In an interview with Bloomberg in January 2025, Volozh said that it took 18 months to issue a statement on the war because he first needed to relocate 1,000 Yandex employees who wanted to leave Russia.[14]

In March 2024, Volozh was removed from the EU sanctions.[15] In July 2024, the Dutch holding company Yandex NV sold all of its Russian assets. which accounted for more than 95% of the companies' revenues, to a consortium of Russian buyers, while retrained its non-Russian assets. Before the invasion of Ukraine, Yandex was valued $30 billion, however, by 2024 its market capitalisation stood only at $10.2 billion. Since 2022 all foreign asset sales must be approved by the Russian government, a mandatory discount of 50% or more should be applied on them, and 10% of the sell value must be donated to the Russian budget, which is euphemistically called 'voluntary contribution to the budget'.[16] The sale was finalized at $5.2 billion, which represents the largest corporate exit from Russia.[17] The remaining non-Russian assets were reorganized as the Nebius Group. and Volozh began using his expertise in managing infrastructure for a large technology company to expand the capabilities of Nebius Group to manage the computing demands for other large technology companies.[18]

Nebius Group

[edit]

In July 2024, Volozh announced the launch of Nebius Group, a technology company that provides full-stack infrastructure to support the global AI industry.[19][20] In September 2024, Nebius Group had an annualized run-rate revenue of $120 million, went public in October 2024,[19] and in December 2024, they had raised approximately $700 million from different investors, including Nvidia, Accel[21] and Orbis.[22]

References

  1. ^ "Arkady Volozh". Archived from the original on 8 December 2015. Retrieved 4 December 2015.
  2. ^ Andy Atkins-Krüger, Search Engine Land. Yandex: Not Copying But Searching For Google's Underbelly. Retrieved 2011-04-30.
  3. ^ Management team Archived 5 July 2014 at the Wayback Machine. Yandex corporate site. Retrieved 2011-04-30.
  4. ^ Gershkovich, Evan (19 August 2020). "The uneasy coexistence of Yandex and the Kremlin". MIT Technology Review. Retrieved 28 August 2023.
  5. ^ "ענקית החיפוש יאנדקס זינקה ב-56% ביום הראשון למסחר: "אנחנו יותר טובים מגוגל" - בעולם".
  6. ^ "הסנקציות נגד מנכ"ל יאנדקס מקרבות את הלהבות לישראל | כלכליסט". 17 March 2022.
  7. ^ Zyrianova, Anastasia (14 September 2018). "The IT behemoth that you might have never heard of". BBC News. Retrieved 28 August 2023.
  8. ^ Sulman, Sophie (Jan 10, 2025). "HYandex wants to move its headquarters to Israel but has some conditions". Calcalist.
  9. ^ "The Internet Pioneer Brought Low as Kremlin Ally by EU Sanctions". Bloomberg.com. 2022-06-06. Retrieved 2023-08-07.
  10. ^ "Does Billionaire Arkady Volozh Really Belong on the EU Sanctions List?". Spiegel. February 24, 2024.
  11. ^ "'I have to take my share of responsibility': billionaire tech executive and Yandex co-founder Arkady Volozh clarifies his political position". Meduza. 10 August 2023.
  12. ^ "Yandex Co-Founder Arkady Volozh Condemns 'Barbaric' War in Ukraine". The Moscow Times. 10 August 2023.
  13. ^ Kurmanaev, Anatoly (Aug 10, 2023). "In Rare Move, Russian Tech Tycoon Condemns War in Ukraine". New York Times.
  14. ^ Sawers, Paul (Jan 10, 2025). "He Built Russia's Biggest Tech Company. Now He's Starting Over—Without Putin". Bloomberg.
  15. ^ Kurmanaev, Anatoly (13 March 2024). "E.U. Removes Russian Tech Tycoon From Sanctions List". nytimes.com.
  16. ^ Marrow, Alexander (March 23, 2023). "Russia forces foreign firms to pay into budget as they leave". Reuters.
  17. ^ Marrow, Alexander (Feb 24, 2024). "Yandex owner to exit Russia in $5.2 billion deal". Reuters.
  18. ^ Sawers, Paul (July 21, 2024). "From Yandex's ashes comes Nebius, a 'startup' with plans to be a European AI compute leader". TechCrunch.
  19. ^ a b Johnson, Jeffrey Neal (4 January 2025). "Nebius Group: The Rising Star in AI Infrastructure". entrepreneur.com.
  20. ^ "Nebius Group NV". bloomberg.com. 17 February 2025.
  21. ^ Bradshaw, Tim. "Former Yandex AI group raises $700mn from investors including Nvidia". ft.com. Retrieved 18 February 2025.
  22. ^ Marrow, Alexander (2 December 2024). "Nvidia among investors in $700 mln capital raise by AI firm Nebius Group". reuters.com.

Thank you Wikigracht (talk) 11:49, 26 March 2025 (UTC)[reply]

Retrieved from "https://en.wikipedia.org/w/index.php?title=Talk:Arkady_Volozh&oldid=1282436188"