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Nebius Takes $3.5bn Bridge Loan From Citi to Fund Its GPU Build-Out

Nebius has signed a $3.5bn, 364-day secured facility with Citi for data centres and GPUs. Its filing calls it a bridge loan with a rising margin.

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Metas 27 Billion Nebius Gamble: Outsourcing the Future of AI

Meta's $27 Billion Nebius Gamble: Outsourcing the Future of AIMeta just signed one of the largest cloud computing deals ever. Up to $27 billion. One provider. One...

Metas 130 Billion AI Gamble: 8,000 Layoffs and a Bet on the Future

Meta's $130 Billion AI Gamble: 8,000 Layoffs and a Bet on the FutureMeta is cutting about 10% of its workforce while spending $130 billion on AI. The...

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