Russian billionaire Vladimir Potanin’s joint venture has acquired a 25% stake in IT infrastructure provider Selectel, valued at $206 million. President Putin emphasizes the importance of developing home-grown AI models. Potanin, CEO of Nornickel, expands technology investments, including a stake in Yandex. Selectel’s revenue for 2025 grew by 42%.

Read more at Yahoo Finance: Russian billionaire Potanin acquires minority stake in cloud provider Selectel