Meta to spend up to USD27b on Nebius AI infrastructure
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The news: Nebius and Meta have inked a long term AI infrastructure supply agreement, with the social media giant committing to spend up to USD27 billion ($38.31 billion) on infrastructure from cloud provider Nebius over the next five years.
The numbers: In a statement published Monday, Nebius said that it will provide Meta with USD12 billion of dedicated capacity starting in early 2027, while Meta also committed to buy as much as USD15 billion in additional capacity that the Dutch company is building for third-party clients.
The context: Nebius said it currently intends to sell this capacity to third-party customers of its AI cloud business, with remaining capacity to be purchased by Meta.
The move follows a separate USD3 billion deal Meta signed with Nebius in November, to deliver AI infrastructure to Meta over the next five years.
Meta is spending aggressively to compete with the industry’s AI leaders and a spokesperson for the company told Bloomberg that the move is part of its strategy to diversify partnerships and Meta’s technology stack for AI.
Last week Nebius and Nvidia unveiled a new partnership, with Nvidia committing a USD2 billion investment into Nebius, seeing the cloud provider deploy more than 5 gigawatts of Nvidia systems by the end of 2030.
What they said: Arkady Volozh, founder and CEO of Nebius, said: “We are pleased to expand our significant partnership with Meta as part of securing more large, long-term capacity contracts to accelerate the build-out and growth of our core AI cloud business. We will continue to deliver.”
