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Meta plans to invest $27 billion to acquire AI infrastructure services from Nebius
ChainCatcher reports that, according to Jintou Data, Meta will spend up to $27 billion over the next five years to acquire cutting-edge AI infrastructure provided by cloud service provider Nebius Group. The Dutch company Nebius stated in a Monday announcement that starting early 2027, it will provide Meta with $12 billion in dedicated computing capacity.
Meta also committed to purchasing up to an additional $15 billion in computing capacity. This expenditure is one of the largest single contracts Meta has signed, highlighting its urgent need to expand computing power to support AI product development. Last year, it also signed a separate $3 billion contract with Nebius.