Should Nebius and CoreWeave Investors Be Worried About Meta's Latest AI Infrastructure Plans?
Is Meta a customer or a competitor? Or is it both?
Overview
Something interesting is happening with Meta Platforms (NASDAQ: META) and two companies with which it has relationships -- CoreWeave (NASDAQ: CRWV) and Nebius Group (NASDAQ: NBIS).
On the one hand, Meta recently signed a $21 billion expanded deal for artificial intelligence (AI) infrastructure, giving Meta increased capacity to develop AI programs. Factoring in a previous $14 billion deal, Meta now has $35 billion in commitments to CoreWeave.
Details
And similar things are happening with Nebius. Meta signed a long-term deal for AI infrastructure with the neocloud provider in March, valued at up to $27 billion over five years.
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.