Meta to Invest Up to $270 Billion in AI Infrastructure Services from Nebius

Odaily News Meta will pay up to $270 billion over the next five years to access cutting-edge artificial intelligence infrastructure provided by cloud services provider Nebius Group. In a statement released on Monday, the Dutch company Nebius stated that, starting from early 2027, it will provide Meta with $120 billion worth of dedicated computing capacity. Meta has also committed to purchasing up to an additional $150 billion in computing capacity. 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 AI products. Last year, it also signed a separate $30 billion contract with Nebius. (Jin10)