Meta will spend up to $27 billion to acquire Nebius AI infrastructure services

GateNews

2026-03-16 10:16:13

Gate News: On March 16, Meta announced that it will spend up to $27 billion over the next five years to acquire AI infrastructure from cloud service provider Nebius Group. The Dutch company Nebius stated in a Monday release that starting early 2027, it will provide Meta with $12 billion in dedicated computing capacity. Meta also committed to purchasing up to an additional $15 billion in computing capacity. This expenditure is one of the largest single contracts Meta has ever signed. Last year, Meta also signed a separate $3 billion contract with Nebius.

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