00:00What do we know about the deal with Nebius, Ed? You know, last week we were talking about Meta's own
00:04chips, and maybe they're not quite there yet in terms of competition with NVIDIA or Google, but will they be
00:13using their chips in these, you know, Neo Clouds?
00:17Yeah, it's the everything strategy. So their own chips by NVIDIA and AMD chips, their own data centers. And then
00:23this third part of the strategy is the Neo Cloud by AI specific capacity. So it's a five year agreement
00:30for $27 billion total, but $12 billion of committed or dedicated compute next year. That's quite aggressive and accelerated timeline.
00:39My Nebius principally relies on NVIDIA based systems. And, you know, that's been a part of their selling point, just
00:46as CoreWeave in this country has made it a selling point as well. And, you know, they need compute. They
00:56are compute constrained. The demand for internal workloads is greater than they have access to. So, you know, this is
01:01a big spend by them on the Neo Cloud portion.
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