Dutch AI Company Nebius Signs a $27 Billion Deal With Meta
The five-year agreement makes Nebius one of the biggest cloud providers for Meta's AI ambitions and follows a $2 billion Nvidia investment just days earlier.
Dutch cloud computing company Nebius has signed one of the largest AI infrastructure deals in European tech history, agreeing to provide Meta, the parent company of Facebook and Instagram, with up to $27 billion worth of computing capacity over the next five years. Nebius shares surged 14% when markets opened on Monday.
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What Nebius does and where it comes from
Nebius is a so-called neocloud, meaning it operates data centres that rent out computing power specifically designed for AI workloads. Unlike traditional cloud providers such as Amazon Web Services or Microsoft Azure, which offer a broad range of services, neoclouds focus almost entirely on providing the raw processing power that AI systems need to train and run their models.
Nebius was founded in 2022 following a restructuring of Yandex, the Russian internet company, and is built around Yandex's operations outside Russia. It listed on the New York stock exchange in 2024 and has seen its share price increase more than 400 percent since then. The company is headquartered in Amsterdam and holds Dutch incorporation, making it a notable European player in a market dominated by American and Asian companies.
What the deal involves
Under the agreement, Nebius will provide Meta with $12 billion of dedicated computing capacity starting in early 2027. Meta has also committed to buying up to $15 billion of additional capacity that Nebius is building for third-party customers, bringing the total potential value of the deal to $27 billion over five years.
Part of the dedicated capacity will be among the first large-scale deployments of Nvidia's latest AI chip platform, called Vera Rubin, which is designed specifically for high-performance AI workloads.
Why Meta needs this
Meta has been investing heavily in AI to power its products, from content recommendation systems to its Llama large language model series and its AI assistant. Meta is planning capital expenditure of up to $135 billion related to AI in 2026 alone. The largest cloud operators are collectively planning to spend nearly $700 billion on data centre infrastructure this year, as existing capacity cannot keep up with surging AI demand.
A rapid run of major deals for Nebius
The Meta agreement is the second major deal Nebius has closed in quick succession. Just days before the Meta announcement, Nvidia announced a $2 billion strategic investment in Nebius as part of a partnership to build large-scale AI data centres in the United States, with a target of deploying up to 5 gigawatts of AI capacity by the end of the decade.
Nebius had previously also signed a deal to deliver computing resources to Microsoft, worth up to $19.4 billion over five years. The combination of deals with Meta, Microsoft and Nvidia within a short period positions Nebius as a significant independent European force in global AI infrastructure.
Nebius's revenue in 2025 reached $530 million, up 479 percent year on year, though the company has not yet reached consistent profitability, reporting an operating loss of $596 million for the year.
