Nebius Group, an Amsterdam-based AI infrastructure company, announced a five-year supply arrangement with Meta Platforms that commits the social media company to purchase $12 billion of AI computing capacity across multiple locations by 2027. Nebius said Meta also has the option to acquire up to $15 billion more of capacity that Nebius plans to build over the same five-year timeframe if those resources are not allocated to other customers, taking the potential total contract value to $27 billion.
Last week Nvidia disclosed a $2 billion investment in Nebius in return for an 8.3% stake. Nebius uses Nvidia chips inside its data centers, the company said.
Industry observers view the deal as part of a broader push by U.S. technology companies to augment their own AI-focused data-center construction by securing scarce GPU and power capacity from emerging specialized providers often called "neoclouds." Nebius and U.S. competitor CoreWeave are examples of firms that provide infrastructure today while aspiring to grow into larger cloud service operators.
Nebius chief executive Arkady Volozh commented that the Meta contract will help "accelerate the build-out and growth of our core AI cloud business." The company previously signed an initial $3 billion agreement with Meta in November and a separate $17.4 billion agreement with Microsoft in September.
The arrangement underscores how major cloud and tech players are extending supply relationships with outside infrastructure specialists to secure the specialized compute and electrical capacity required for generative AI workloads. Nebius' use of Nvidia chips and the recent Nvidia equity investment further tie semiconductor suppliers into those supply chains.
While Nebius framed the Meta agreement as a growth milestone, the contract structure - a firm $12 billion commitment plus an option to buy an additional $15 billion if unsold - leaves open the ultimate scale of capacity that Meta will take from Nebius over the five-year period.
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