Nebius signs AI infrastructure deals with Meta worth up to $27 billion over 5 years
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Amsterdam-based AI infrastructure firm Nebius Group said on Monday it has agreed with Meta Platforms to provide the social media giant with $12 billion worth of AI computing capacity across multiple locations by 2027.
Under the agreement, Meta will also buy an additional $15 billion worth of capacity planned by Nebius over the coming five years if it is not sold to other customers, giving the contract a total value of up to $27 billion, Nebius said.
Last week, Nvidia said it would invest $2 billion to buy an 8.3% stake in Nebius, which uses Nvidia chips in its data centers.
Read the full story | REUTERS
