Saturday, 28 March, 2026
AI Cloud Firm Nebius Signs $3 Billion Deal with Meta
By Isha
AI cloud infrastructure company Nebius signed a five-year, $3 billion deal to provide Meta with high-performance computing power for AI models. This agreement, which highlights the strong demand for AI capacity, follows Nebius' report of a 355% surge in third-quarter revenue to $146.1 million, despite missing analyst expectations and posting a wider net loss.
Read full story at Economic Times