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

Nebius, an Amsterdam-based AI cloud company listed on Nasdaq, announced a five-year infrastructure agreement with Meta to provide US$12.0 billion of dedicated capacity using NVIDIA’s Vera Rubin platform and will begin deliveries in early 2027.

Meta also committed to purchase up to US$15.0 billion of additional compute across certain upcoming Nebius clusters over five years, taking the deal’s potential value to up to approximately US$27.0 billion.

Nebius said it currently intends to sell this capacity to third-party customers, with remaining capacity to be purchased by Meta.

The company said the capacity is based on one of the first large-scale deployments of the Vera Rubin platform.

Nebius said its guidance for 2026 remains unchanged.

🔗 Source: Nebius

🧠 Food for thought

Implications, context, and why it matters.

The Meta agreement landed days after NVIDIA committed $2 billion

Last week, NVIDIA said it would invest $2 billion in Nebius through a strategic partnership to help Nebius deploy more than 5 gigawatts of AI data center capacity by the end of 2030 1.
In return, Nebius gets early access to NVIDIA’s next-generation Vera Rubin platform and NVIDIA Vera CPUs, which support the Meta agreement’s planned large-scale rollout of the NVIDIA Vera Rubin platform 1.
Earlier, Nebius signed a Microsoft contract worth up to $19.4 billion in September 2025 2.
Even so, the company remains in a high-growth, high-burn phase with a $596 million operating loss on $530 million in revenue for 2025 3.

Big tech is leaning on specialist data center builders to ease capacity crunches

Meta’s commitment signals that even the largest tech firms are struggling to add AI capacity fast enough, despite a combined $700 billion in planned capital spending by hyperscalers including Amazon, Alphabet and Microsoft 2.
Specialist providers can sidestep power bottlenecks, including multi-year waits in power interconnection queues that stall traditional data center projects 4.
That gap is pushing growth in the “neocloud” market, expected to expand from roughly $27 billion in 2025 to over $250 billion by 2030 5.
The agreement also supports NVIDIA’s approach of using partners to land early, large deployments for next-generation platforms, which helps keep major customers like Meta on its full stack 1.