Nebius has been awarded one of Meta's largest AI capacity contracts ever
Nebius shares soared nearly 15% before the opening of the main session in New York
Facebook owner to pay Nebius up to $27 billion for artificial intelligence capacity / Photo: Nebius.com
Arkady Volozh's Nebius Group cloud provider Nebius Group has announced a new five-year agreement with Meta Platforms to supply up to $27 billion worth of artificial intelligence infrastructure, the company said in a press release available to Oninvest.
The agreement includes two phases: first, Nebius will provide Meta with $12 billion in dedicated computing capacity starting in 2027. This will be deployed on one of the first large-scale installations of NVIDIA's Vera Rubin platform. Second, Meta has committed to purchase up to $15 billion in additional capacity. Nebius plans to sell this infrastructure to third-party customers through its core cloud AI business, with the remaining capacity to be purchased by Meta.
"We are pleased to expand our significant partnership with Ma with major new long-term capacity contracts that will accelerate the construction and growth of our core cloud AI business. We will continue to deliver," said Nebius CEO Arkady Volozh, whose words are quoted in the press release.
On the back of the news, Nebius shares soared 14.7% before the opening of the main session in New York.
The news is being updated
This article was AI-translated and verified by a human editor
