Meta Platforms will pay as much as $US27 billion ($38 billion) over the next five years for access to artificial intelligence infrastructure from cloud provider Nebius Group as it spends aggressively to compete with the industry’s top frontier models.
Nebius, a so-called neo-cloud that operates data centres and has a strategic partnership with Nvidia, will provide Meta $US12 billion of dedicated capacity starting in early 2027, the Dutch company said in a statement. Meta also committed to buying as much as $US15 billion in additional capacity that the cloud provider is building for third-party customers.
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Bloomberg