RESOLVING THE LEDGER
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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.
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.
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