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

Bloomberg'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. (Source: Bloomberg)