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Meta Expands AI Compute Deal, Nvidia GTC Kicks Off | Bloomberg Tech 3/16/2026

Bloomberg Technology
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Meta’s shares surged after reports it will expand its AI compute partnership with neocloud provider Nebius, securing critical infrastructure for its growing AI workloads while planning significant layoffs to cut costs. OpenAI is in late-stage talks with private equity firms to form a joint venture aimed at accelerating enterprise adoption of its AI tools, signaling a push beyond consumer applications. Nvidia’s annual GTC conference began, with global AI demand dominating discussions as the chipmaker showcases new hardware and software solutions for scaling AI infrastructure. Meta’s cost-cutting measures, including layoffs, contrast with its aggressive AI investments, reflecting a strategic shift toward high-margin AI-driven revenue streams over traditional social media growth. Analysts highlight Nebius’s role as a key player in Europe’s AI cloud market, positioning Meta to leverage regional data centers amid tightening global AI compute competition.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Mar 16th, 2026Meta Expands AI Compute Deal, Nvidia GTC Kicks Off | Bloomberg Tech 3/16/2026Bloomberg’s Caroline Hyde and Ed Ludlow discuss the rise in Meta’s shares following reports that the social media giant is planning big layoffs and news that it has expanded a compute deal with neocloud Nebius. Plus, OpenAI is in advanced talks to form a joint venture with private equity firms to boost enterprise adoption of its AI software. And, Nvidia kicks off its developers’ conference, GTC, with all eyes on the global outlook for AI.Duration:23:52Duration:56:35Duration:12:20Duration:31:15

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