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AI News from ET - Nebius leverages Microsoft, Meta contracts for AI expansion

Vishwadeep Khatri
in AI News & Two Lenses

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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.

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