Meta Platforms has signed a five-year agreement worth up to $27 billion with Dutch cloud provider Nebius Group to secure large-scale artificial intelligence computing capacity, in one of the company’s biggest infrastructure contracts to date.

Under the deal, announced on Monday, Amsterdam-based Nebius will supply Meta with $12 billion of dedicated AI computing capacity across multiple locations, with deliveries expected to begin in early 2027.

Nebius said the infrastructure will be built on one of the first large-scale deployments of Nvidia’s Vera Rubin platform, a next-generation system designed to support large AI workloads.

The companies said the agreement also gives Meta the option to purchase up to $15 billion of additional computing capacity over the same five-year period if it is not sold to other customers. Combined, the commitments give the contract a potential value of around $27 billion.

Arkady Volozh, founder and chief executive of Nebius, said the deal expands the relationship between the two companies and provides long-term demand for the firm’s growing AI cloud business. “We are pleased to expand our significant partnership with Meta as part of securing more large, long-term capacity contracts to accelerate the build-out and growth of our core AI cloud business,” he said.

Reuters reported that Nebius previously signed an initial $3 billion agreement with Meta in November, highlighting a deepening relationship as technology companies compete to secure the computing power needed to train advanced AI models.

Bloomberg reported that Meta’s spending on infrastructure is part of a broader effort to expand its AI capabilities as it competes with rivals developing frontier models. The company is building large data centres, developing its own chips and forming partnerships with infrastructure suppliers to meet rising demand for computing capacity.

A Meta spokesperson confirmed the Nebius agreement and said the company was expanding its partnerships as it builds out AI systems. The spokesperson said diversifying suppliers and technology partners is part of “building a more resilient and flexible infrastructure”.

Nebius is part of a new group of so-called “neocloud” providers that supply specialised computing capacity tailored to AI training and deployment. The company, headquartered in Amsterdam and listed on Nasdaq, was created after separating from Russian internet group Yandex in 2024.

Bloomberg reported that large technology companies including Meta, Microsoft, Alphabet and Amazon are expected to spend roughly $650 billion on data centres and related infrastructure in 2026 as they prepare for rapid growth in AI services.

---