Meta signs $27 billion deal with Nebius for AI infrastructure
Meta signs $27 billion deal with Nebius for AI infrastructure
https://www.cnbc.com/2026/03/16/meta-nebius-ai-infrastructure.html
Publish Date: 2026-03-16 07:29:00
Source Domain: www.cnbc.com
- Meta has entered into a new long-term agreement to invest up to $27 billion with Dutch cloud provider Nebius for AI infrastructure over the next five years.
- Nebius will provide $12 billion of dedicated infrastructure capacity during this period across multiple locations.
- Part of this infrastructure will include one of the first significant deployments of Nvidia’s latest AI-specialist Vera Rubin chips.
- Meta will also commit to purchasing up to $15 billion more in compute capacity from Nebius during this period.
- Arkady Volozh, Nebius’ founder and CEO, expressed his satisfaction at the expanded partnership and its role in fostering the company’s AI cloud business growth.
- Nebius’ stock surged by 14% in pre-market trading following the announcement of the deal.
- The article is currently a developing story with an anticipation for further updates.
