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Media: Yandex registered an AI holding to circumvent sanctions | ERC20 Official Crypto channel

Media: Yandex registered an AI holding to circumvent sanctions

Yandex Corporation has registered Beyond ML holding company in the United States and Armenia to circumvent sanctions imposed against the Russian Federation after the invasion of Ukraine. RTVI writes about it.

A company representative confirmed that Beyond ML is a project to promote B2B services and technologies. Yandex called it not a tool for circumventing sanctions, but an “internal experiment.”

According to journalists, employees were directly told that Beyond ML was created to “level out country risks” and continue to work in Western markets.

At the same time, the company does not want to make the holding's brand “anything noticeable”.