Meta to Spend Up to $27 Billion on Nebius AI Infrastructure

Meta will invest up to $27 billion over five years with Nebius Group NV for AI infrastructure, marking one of the largest cloud computing deals to date. The agreement aims to bolster Meta’s AI capabilities, enabling competition with leading frontier models like those from Google and OpenAI. Nebius, a lesser-known cloud provider, secures a major contract, positioning itself as a key player in the AI infrastructure race. The deal reflects Meta’s aggressive spending strategy to dominate AI development, following prior multi-billion-dollar investments in data centers and hardware. This move underscores the escalating arms race in AI, where tech giants are pouring unprecedented capital into computational power to drive innovation.