NasdaqGS:METAInteractive Media and Services
Meta’s US$27b Nebius AI Deal And What It Means For Valuation
Meta Platforms (NasdaqGS:META) has signed a multi year AI infrastructure supply deal worth up to US$27b with Nebius Group.
The agreement secures large scale AI computing capacity using Nvidia's Vera Rubin platform for training and deploying AI models.
The deal is described as one of the largest AI cloud agreements in the industry and marks a shift in Meta's AI supply chain approach.
For a company built on digital advertising and social platforms, Meta's AI needs keep climbing as services...