Nebius Secures Meta Deal, AI Demand Surges
Update: 2025-11-11
Description
Nebius, a Netherlands-based AI cloud solutions provider, secures a $17.4 billion contract with Meta, following a $146.1 million revenue surge in Q3. The company, known for its Nvidia GPUs and AI cloud services, faces capacity constraints due to high demand, with competitors like CoreWeave also securing multi-billion dollar deals.
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