Jeff Bezos Leads $72M Investment in AI Firm Toloka

Jeff Bezos’s investment arm, Bezos Expeditions, has led a $72 million funding round in Toloka, an AI data solutions company that helps train and evaluate AI models through human input. The investment, which also includes Shopify CTO Mikhail Parakhin as executive chairman, aims to accelerate Toloka’s growth and expand its presence in the U.S. market. Toloka is part of Nebius Group, an Amsterdam-based AI infrastructure company that was spun off from Yandex after a major corporate separation. This funding is seen as a pivotal step for Toloka, enabling it to scale rapidly and sharpen its strategic focus amid rising global demand for high-quality AI data solutions. Nebius will retain a significant economic stake in Toloka while giving up majority voting control to allow more operational independence. The deal is also notable for attracting U.S. investment following Nebius’s separation from Russian assets, which had previously limited such opportunities due to sanctions.