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

2026-03-18 08:49:28

Meta 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.

On Monday, Dutch company Nebius announced 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 capacity from facilities that Nebius is building for third-party clients. Nebius is a “new type of cloud” (Neocloud) data center operator with 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 seek more computing power 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 to build data centers and purchase other infrastructure.

A Meta spokesperson confirmed the agreement with Nebius, stating that the company is diversifying its AI partnerships and technology stack as part of “building more resilient and flexible infrastructure.”

Headquartered in Amsterdam, Nebius was spun off from Russian internet giant Yandex in 2024. The company is one of the few emerging firms riding the AI boom, dedicated to building data centers specifically designed for training models and running services like ChatGPT.

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