The Dutch cloud provider signed a five-year deal worth up to $27 billion. Nebius will deliver $12 billion of dedicated AI capacity starting in 2027, while Meta also committed to purchase up to $15 billion of additional compute from its upcoming clusters. This marks one of the largest AI infrastructure contracts $Meta Platforms, Inc.(META)$ has signed so far.
The agreement highlights the explosive demand for AI computing as Meta ramps up investment to compete with OpenAI and Google $Alphabet(GOOGL)$ , and it further positions Nebius — alongside its partnership with Nvidia $NVIDIA(NVDA)$ — as an emerging player in the rapidly growing neocloud infrastructure space. 🚀
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- Brando741319·00:25Good1Report