Amsterdam-based Nebius Group announced a five-year deal with Meta Platforms, securing $12 billion in AI computing capacity by 2027 across multiple global locations.
The agreement includes an additional $15 billion in planned capacity, contingent on availability and not being sold to other clients, raising the total potential value to $27 billion.
This follows Nvidia’s $2 billion investment for an 8.3% stake in Nebius, leveraging Nvidia chips in its data centers.
The deal underscores the intensifying race among U.S. tech giants to secure scarce GPU and power resources from 'neocloud' providers like Nebius and Coreweave, which aim to evolve into major cloud platforms.
Nebius CEO Arkady Volozh said the contract will accelerate the company’s core AI cloud business expansion.
It marks the latest in a series of high-value deals, including a prior $3 billion pact with Meta and a $17.4 billion agreement with Microsoft.