ChainCatcher report, according to Finans.ru, Meta will pay up to $27 billion over the next five years to acquire cutting-edge AI infrastructure from cloud service provider Nebius Group. In a statement released on Monday, Dutch company Nebius said it will provide Meta with $12 billion in dedicated computing capacity starting in early 2027. Meta also committed to purchasing up to an additional $15 billion in computing capacity. This expenditure is among the largest single contracts Meta has signed, underscoring its urgent need to expand computing power to support the development of AI products. Last year, it also signed a separate $3 billion contract with Nebius.
Meta to Pay $27 Billion for AI Infrastructure Services from Nebius
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Summary
Meta has agreed to pay up to $27 billion over five years for AI infrastructure services from Nebius Group, according to the latest AI + crypto news. The deal includes $12 billion in dedicated computing power beginning in 2027, with Meta also securing access to $150 billion in capacity. This is one of Meta’s largest single contracts to date. A separate $3 billion agreement with Nebius was signed last year. The move comes amid rising demand for AI development, a key topic in crypto news.
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