Nebius Group Secures $27 Billion AI Infrastructure Deal with Meta Platforms

Nebius Group, an AI cloud provider, has signed a major infrastructure agreement with Meta Platforms, potentially worth up to $27 billion over five years. Under the deal, Nebius Group will supply $12 billion in dedicated AI infrastructure capacity to Meta Platforms starting in early 2027, with an option for Meta Platforms to purchase an additional $15 billion in compute capacity. This infrastructure will partly rely on Nvidia's upcoming Vera Rubin platform. The agreement helps Meta Platforms secure access to large volumes of AI processing power amidst tight industry demand and reinforces Nebius Group's role as an emerging 'neocloud' provider. Following the announcement, Nebius Group's shares rose significantly. This deal builds on an earlier, smaller partnership between the two companies and follows a recent $2 billion strategic investment from Nvidia in Nebius Group. Arkady Volozh, CEO of Nebius Group, highlighted the deal's role in accelerating the company's AI cloud business growth. Nebius Group was founded in 2022 after a restructuring of Yandex's operations outside of its home market. Meta Platforms is actively building its AI infrastructure, with significant spending commitments this year.