AI
Nebius leverages Microsoft, Meta contracts for AI expansion
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Netherlands-based data centre operator Nebius will leverage recent multi-billion dollar contracts with Microsoft and Meta to build its business with traditional firms and emerging AI companies that could be future tech titans, its cofounder said.
A $17 billion deal with Microsoft in September and another $3 billion tie-up with Meta have helped propel the company’s Nasdaq-listed stock 248% higher this year, pushing its market capitalisation past $25 billion.
The firm is now widening its client base – especially given fears an AI bubble is already…
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