Meta signs deal worth up to $27 billion with Nebius for AI infrastructure

CNBC
2026.03.16 11:29
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Meta has signed a long-term agreement with Dutch cloud provider Nebius, committing up to $27 billion for AI infrastructure over the next five years. This includes $12 billion for dedicated capacity and an additional $15 billion for extra compute capacity. The deal aims to enhance Meta's AI capabilities, with Nebius planning to deploy Nvidia's latest AI-specialist chips. Following the announcement, Nebius' stock rose 14% in pre-market trading.