TechFlow News, March 16: According to JIN10 Data, Meta will pay up to $27 billion over the next five years to Nebius Group, a cloud service provider, for cutting-edge AI infrastructure. In a statement released on Monday, Dutch-based Nebius said it will provide Meta with $12 billion worth of dedicated computing capacity starting in early 2027. Meta has also committed to purchasing up to an additional $15 billion in computing capacity. This expenditure represents one of Meta’s largest single contracts to date, underscoring its urgent need to expand computing resources to support AI product development. Last year, Meta also signed a separate $3 billion contract with Nebius.
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