Dutch AI firm Nebius signs US$27bil deal with Meta

2026-03-16 - 12:44

Meta has committed to buy up to a further US$15 billion in computing capacity over the next five years. (AFP pic) THE HAGUE: Dutch artificial intelligence (AI) firm Nebius said today it had signed a deal worth US$27 billion over five years to provide AI infrastructure to social media giant Meta. Nebius said it would provide US$12 billion of computing capacity from the beginning of next year across multiple locations. The Amsterdam-based company said Meta had also committed to buy up to a further US$15 billion of capacity over the coming five years. Nebius, along with competitors including NScale and Coreweave, is a player in the emerging “neocloud” sector, building data centres optimised for AI and selling the computing power to giants like Meta or Microsoft. The arrangement is attractive for the tech giants as it outsources the complexity and financial risk of owning and operating AI infrastructure. Arkady Volozh, Nebius CEO said in a statement that “we are pleased to expand our significant partnership with Meta as part of securing more large, long-term capacity contracts”.