Meta signs huge deal with Nebius for AI data centers

Meta has agreed to a deal with the company Nebius that could be worth up to $27 billion over five years. The deal is for Nebius to build and operate data centers to support Meta's artificial intelligence projects.

Separately, some reports say Meta is having trouble with rogue AI agents, which led to a security incident. Other reports suggest Meta might cut up to 20% of its workforce, possibly to help pay for its big AI spending.