Nvidia-backed Nebius (NBIS) is getting a Bezos Amazon AWS Bump - Both Companies Invest over $800,000,000 in Nebius Group AI Offerings

[https://investorsobserver.com/news/stock-update/nvidia-backed-nebius-nbis-is-getting-a-bezos-bump](https://investorsobserver.com/news/stock-update/nvidia-backed-nebius-nbis-is-getting-a-bezos-bump)

Investors in AI cloud startup Nebius Group (NBIS) have seen the stock rise 26.4% over the past week, driven by new backing from Jeff Bezos.

The Amsterdam-based company [announced](https://group.nebius.com/newsroom/nebius-welcomes-bezos-expeditions-as-lead-investor-in-ai-data-business-toloka) last week that the Amazon founder had become a lead investor in Nebius’ AI data solutions business Toloka.

The investment is being made through Bezos Expedition, which is the investment arm of Jeff Bezos.

In addition to Bezos, Toloka has also gotten an investment from Shopify CTO Mikhail Parakhin.

Terms of the investments were not disclosed.

"The demand for world-class AI data expertise is more urgent than ever,” Parakhin said in a statement.

“Toloka is uniquely positioned to meet this need, distinguished by its excellent engineering, strong research reputation, and proven ability to blend ML expertise with managing humans at scale and with scientific rigor.”

Parakhin will serve as the chairman of Toloka’s newly formed board of directors, while company CEO Olga Megorskaya will continue to lead the executive management team.

“Attracting world-class strategic investors like Jeff and Mikhail is a strong endorsement of the quality of Toloka’s business and leadership,” Nebius CEO Arkady Volozh said in a statement.

“As enthusiastic backers of Olga and the outstanding Toloka team since day one, we believe this is the best way for Toloka to accelerate its growth and capitalize on the enormous opportunities of the AI revolution.”

Nebius is maintaining a “significant majority economic stake” in Toloka (28%), but it is relinquishing majority voting control of it.