Meta has signed a long-term agreement to spend up to $27 billion on Dutch cloud provider Nebius’s artificial intelligence
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Microsoft is striking multibillion-dollar deals with “neoclouds” like Nebius, CoreWeave, Nscale, and Lambda to rapidly expand AI computing capacity and meet soaring global demand.
Amsterdam-based AI infrastructure firm Nebius surged after announcing a $17.4 billion multi-year deal with Microsoft to expand cloud computing capacity for AI workloads.