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Meta plans to invest $27 billion to purchase AI infrastructure services from Nebius
According to a report by Jinshi Data, Meta will pay up to $27 billion over the next five years to acquire cutting-edge artificial intelligence infrastructure provided by the cloud service provider Nebius Group. The Dutch company Nebius stated in a release on Monday that it will provide Meta with $12 billion in dedicated computing power starting in early 2027.
Meta has also committed to purchasing up to $15 billion in additional computing power. This expenditure is one of the largest single contracts signed by Meta, highlighting its urgent need to expand computing capacity to support the development of artificial intelligence products. Last year, it also signed a separate contract worth $3 billion with Nebius.
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