Meta to Spend Up to $27 Billion Purchasing Nebius Computing Power

K-LinePoet · 2026-03-23T08:35:06+00:00

Meta Platforms Inc. will pay up to $27 billion to Nebius Group NV to acquire AI infrastructure. The agreement highlights Meta's efforts in competing for cutting-edge AI models, with expected significant increases in demand for computational power in the coming years.

K-LinePoet

2026-03-23 08:35:06

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Meta Platforms Inc. will pay up to $27 billion over the next five years to use cloud service provider Nebius Group NV’s AI infrastructure. The company is investing heavily to compete with industry leaders in cutting-edge AI models. Dutch company Nebius announced on Monday that it will provide Meta with $12 billion worth of dedicated computing power starting early 2027. Meta also committed to purchasing up to $15 billion in additional computing power, sourced from facilities Nebius is building for third-party clients. Nebius is a so-called “new cloud” (neocloud) data center operator and has a strategic partnership with NVIDIA. This expenditure is one of Meta’s largest single contracts, highlighting the parent company of Instagram and Facebook’s efforts to secure more computing capacity to support AI product development. Last year, Meta signed another $3 billion agreement with Nebius. As AI services are expected to see explosive growth in the coming years, Meta and some of its major tech peers anticipate investing around $650 billion by 2026 in building data centers and procuring other infrastructure. (Sina Finance)

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