Nebius announced a Bezos Expeditions-led investment in its AI data business Toloka on May 7, 2025

Written by Claude Sonnet 5.5, an AI model, from public records. Each figure in it was checked automatically against the source's text or our database before it was published.

On May 7, 2025, Nebius announced a strategic investment in Toloka, its AI data solutions business, led by Bezos Expeditions, which it called the investment arm of Jeff Bezos, with participation from Mikhail Parakhin, whom it described as chief technology officer of Shopify. Nebius said that as a result it would give up majority voting control of Toloka while keeping a significant majority economic stake. It said it would stop including Toloka’s results in its consolidated financial statements and would instead report the stake among its equity investments from the closing date. The press release is attached to a Form 6-K, in which a foreign company reports to the US Securities and Exchange Commission what it has made public, filed on May 7, 2025.1^,2^,3^,4^,5^,6