Current Affairs - Business - Discussion

Nebius, an AI cloud company headquartered in Amsterdam, entered into a significant long-term agreement with Meta to provide AI infrastructure services. The deal spans five years and involves supplying dedicated computing capacity worth up to $12 billion, with additional commitments potentially raising the total contract value to around $27 billion. The infrastructure will utilise advanced technology, including the NVIDIA Vera Rubin platform, marking one of the earliest large-scale deployments of this system. This partnership highlights the growing demand for AI computing power and positions Nebius as a key player in the global cloud and artificial intelligence ecosystem.