Yandex

Yandex could dismantle itself amid domestic and international pressure

November 26, 2022

Yandex, arguably the most successful and emblematic Russian digital company over the past 25 years, could be split amid the international and domestic tensions that have followed Russia’s attack on Ukraine on Feb. 24.  Confirming earlier media reports (FT, NYT, The Bell), Yandex announced Friday it had “commenced a strategic process to review options to restructure the …

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Luxoft opens development centre in Serbia, Yandex to follow

November 23, 2022

International software company Luxoft opened a development centre in Serbia on November 18, and announced plans to double its headcount in the country. The following day, Russia’s Yandex unveiled plans to open its own development centre in Serbia.  Serbia has benefited from the arrival of thousands of Russian tech professionals, who left their own country …

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Yandex publishes YaLM 100B, the largest GPT-like neural network in open source

June 27, 2022

Yandex has published YaLM 100B, a bilingual neural network for generating and processing text. It’s the largest GPT-like model in the public domain. It can be used freely by developers and researchers from all over the world. YaLM 100B contains 100 billion parameters, more than any GPT-like model available in open-source under a license that …

Yandex publishes YaLM 100B, the largest GPT-like neural network in open source Read More

Glorious story but modest exit for online fashion pioneer KupiVIP

July 9, 2021

Update July 9: Yandex announced the cancellation of the deal, for undisclosed reasons, according to media reports. The company is considering “other options to enter the fashion segment.” Yandex.Market is in the process of acquiring KupiVIP, one of the most established e-commerce brands in Russia, founded back in 2008 by German entrepreneur Oskar Hartmann. Also …

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Taxi-hailing and foodtech on the rise: Yandex announces growing and more diversified revenues in 2019

November 12, 2020

Last week Yandex, the NASDAQ-listed Russian Internet giant, announced its unaudited financial results for Q4 and FY 2019. Consolidated yearly revenues grew 37% from 2018, reaching 175.4 billion rubles ($2.83 billion). Yandex’s adjusted net income increased by a more modest 6% to 23.5 billion rubles ($380.3 million). These results are below what analysts had pencilled in, …

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Reuters: Western intelligence hacked Yandex to spy on accounts

June 29, 2019

Hackers working for Western intelligence agencies broke into Russian internet search company Yandex in late 2018, deploying a rare type of malware in an attempt to spy on user accounts, four people with knowledge of the matter told Reuters. The malware, called Regin, is known to be used by the “Five Eyes” intelligence-sharing alliance of …

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Report: Russian fulfilment service market exceeds $200 million

July 13, 2019

As the Russian e-commerce market a promising development cycle, with many domestic and foreign players reporting record sales growth, market research agency Data Insight recently released a study on the local fulfilment service market. Here are the key findings of this report (the full version is available only in Russian language): The Russian fulfilment service market …

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Yandex and Hyundai Mobis announce partnership on self-driving vehicles

September 2, 2019

Yandex, the NASDAQ-listed Russian search giant, and Hyundai Mobis, a global manufacturer of automotive components, have agreed to jointly develop control systems for Level 4 and Level 5 autonomous vehicles. In the first phase, according to the memorandum of understanding announced yesterday, the partnership will focus on “developing a driverless prototype vehicle based on standard …

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Yandex acquires Q&A service TheQuestion

March 18, 2019

Yandex, the NADSDAQ-listed Russian search giant, has acquired online Q&A service TheQuestion with a plan to merge it with an analog in-house service. Neither the amount nor other details of the transaction have been disclosed.  Founded in 2014 by Russian journalist Tonya Samsonova, TheQuestion attracted equity funding from individual investors in 2016. The service has generated …

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Giant US investment firm OppenheimerFunds invested again in Yandex in 2017 and 2018

January 21, 2019

Since late 2017, OppenheimerFunds, a family of major investment funds, has invested again in NASDAQ-listed Yandex, according to the latest filing submitted to the US Securities and Exchange Commission. The US investment firm reportedly boosted its stake in the Russian company from 1.8% to 6.41% or 18.365 million shares as of December 31, 2018. Yandex stock is …

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Yandex.Taxi experiments driverless vehicle in Russian tech city, celebrates first 1,000 rides

November 6, 2018

Self-driving taxis are making their first steps in Russia with a new experiment led in Innopolis, a brand new tech city under completion on the outskirts of Kazan, 800 km eastwards from Moscow. In just two months, from Aug. 25 to Oct. 28, 1,000 autonomous rides with passengers were completed, claims Yandex.Taxi, the company behind …

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