Nebius CEO Arkady Volozh Is $1 Billion Richer After Microsoft AI Deal

Arkady Volozh, the former CEO of the Russian tech company Yandex, is now $1 billion richer after Microsoft's acquisition of his current company, Nebius. Volozh spent two years separating himself from Yandex, a move he described as an "exodus" from Russia, similar to the biblical story of the Israelites leaving Egypt. The Microsoft deal with Nebius, a cloud computing company, has significantly increased Volozh's net worth, making him one of the wealthiest individuals in Russia. The acquisition showcases the growing importance of artificial intelligence (AI) and cloud computing in the tech industry. The news highlights the changing landscape of the technology sector, with major players like Microsoft seeking to strengthen their AI and cloud capabilities through strategic acquisitions. It also underscores the challenges faced by tech leaders who navigate complex political and economic environments, as Volozh did in his departure from Yandex.