All articles tagged with #ai cloud computing
Oracle is in talks with Meta to secure a multi-year AI cloud computing deal worth about $20 billion, aiming to provide Meta with enhanced computing capacity for AI model training and deployment, amidst a broader industry trend of large-scale cloud investments in AI.
Nebius Group secured a $17.4-$19.4 billion AI cloud computing deal with Microsoft, using Nvidia chips, leading to a 44% stock increase for Nebius, while Microsoft and Nvidia stocks remained largely unchanged.
Microsoft has signed a multiyear deal worth up to $19.4 billion with Nebius Group NV to secure AI cloud computing capacity through 2031, aiming to address its capacity shortages and expand its AI services. The deal will significantly boost Nebius' AI cloud business and involves financing strategies to support rapid growth, with Nebius providing dedicated capacity from a new data center in New Jersey.