Thursday, February 20, 2025

Russian search and ad giant Yandex reports 2024 revenue up 37% YoY to a record ~$12.3B and expects 2025 revenue up 30%+, after splitting from Nebius Group (Reuters)

Reuters:
Russian search and ad giant Yandex reports 2024 revenue up 37% YoY to a record ~$12.3B and expects 2025 revenue up 30%+, after splitting from Nebius Group  —  Russian internet firm Yandex reported annual revenues above 1 trillion roubles ($11.22 billion) for the first time on Thursday …



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A look at the narrowing US-China AI gap, as a spate of compelling, low-cost releases makes Chinese AI models increasingly attractive to businesses (Bloomberg)

Bloomberg : A look at the narrowing US-China AI gap, as a spate of compelling, low-cost releases makes Chinese AI models increasingly att...