Nebius Signs Up to $27 Billion AI Infrastructure Deal with Meta Platforms

Amsterdam-based AI infrastructure firm Nebius has signed a five-year agreement with Meta Platforms worth up to $27 billion to provide AI computing capacity. The deal includes $12 billion in dedicated capacity and up to $15 billion in additional resources if unsold to other customers. This expands their existing partnership and coincides with Nvidia's $2 billion investment in Nebius. The agreement reflects Meta's strategy to supplement its AI infrastructure through external providers amid significant capital expenditure plans.