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Meta to Invest Up to $27 Billion in AI Infrastructure Services from Nebius
Summary: According to Jinshi News, Meta will pay up to $27 billion over the next five years to acquire cutting-edge artificial intelligence infrastructure services from cloud service provider Nebius Group. Dutch company Nebius stated in a declaration released on Monday that starting from early 2027, they will provide Meta with $12 billion in dedicated computing power. ...
According to Jinshi News, Meta will pay up to $27 billion over the next five years to acquire cutting-edge artificial intelligence infrastructure services from cloud service provider Nebius Group. Dutch company Nebius stated in a declaration released on Monday that starting from early 2027, they will provide Meta with $12 billion in dedicated computing power. Meta has also committed to purchasing up to an additional $15 billion in computing power. This expenditure represents one of the largest single contracts signed by Meta, highlighting its urgent need to expand computing power to support the development of artificial intelligence products. Last year, Meta also signed a separate $3 billion contract with Nebius.
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Link: Meta to Invest Up to $27 Billion in AI Infrastructure Services from Nebius [Copy]
