Amsterdam-based Nebius Group said on Monday it has signed a new five-year deal with Meta Platforms to provide the social media giant with $12 billion of dedicated AI computing capacity across multiple locations by 2027.
Under the deal, Meta will also buy an additional $15 billion worth of capacity planned by Nebius over the coming five years if it is not sold to other customers, giving the contract a total value of up to $27 billion, Nebius said.
Nebius is a so-called "neocloud" company that sells hardware and cloud capacity as services to other tech firms. It uses Nvidia processors to provide AI cloud infrastructure.
It signed an initial $3 billion deal with Meta in November.
