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Nebius leverages Microsoft, Meta contracts for AI expansion

Nebius, a Netherlands-based data center operator, is utilizing its recent multi-billion dollar contracts with Microsoft and Meta to expand its business in the AI sector. A $17 billion agreement with Microsoft and a $3 billion partnership with Meta have significantly boosted the company's stock, increasing its market capitalization to over $25 billion.

Nebius leverages Microsoft, Meta contracts for AI expansion

Credit: Yahoo

Key Highlights

  • Nebius has contracts worth $17 billion with Microsoft and $3 billion with Meta.
  • The company's stock has risen 248% this year.
  • Nebius's market capitalization has surpassed $25 billion.
  • The firm is targeting both traditional firms and emerging AI companies.
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Sources

  1. Nebius leverages Microsoft, Meta contracts for AI expansion
  2. Nebius leverages Microsoft, Meta contracts for AI expansion

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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