Nebius and Meta reach a $27 billion AI computing power collaboration
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Dutch cloud infrastructure company Nebius has reached a strategic cooperation agreement with Meta worth $27 billion, with Nebius providing $12 billion in AI computing power, including the world's first large-scale deployment of Nvidia Vera Rubin chips. Meta plans to make additional purchases over the next five years, bringing the total transaction amount to $15 billion. This cooperation solidifies Nebius's leading position in Europe, with its stock price rising over 400% since its listing in 2024. The agreement will accelerate Nebius's AI cloud business growth, and Meta also secures computing power supply through long-term contracts
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