Meta inks $27B AI deal with Nebius, secures Nvidia Vera Rubin chips

• Meta signs a long-term agreement worth up to $27 billion (approx. 2.48 lakh crore rupees) with Dutch cloud provider Nebius.
• The deal secures large-scale AI infrastructure and computing capacity for Meta over the next five years.
• It includes the use of Nvidia's latest Vera Rubin AI chips, significantly boosting Meta's AI capabilities.
• Nebius founder Arkady Volozh calls this a significant step; Nebius shares surged 14% post-announcement.
• The agreement strengthens Meta's position in the intensifying AI race, crucial for its social media, advertising, and new AI products.