Nebius Group has secured an AI infrastructure supply agreement with Meta worth up to $27 billion over five years, marking one of the largest cloud computing contracts announced this year.
Under the deal, Nebius will provide $12 billion of dedicated computing capacity across multiple locations, built on one of the first large-scale deployments of Nvidia’s Vera Rubin platform. Delivery is expected to begin in early 2027.
“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. We will continue to deliver,” said Arkady Volozh, founder and CEO of Nebius.
Meta has also committed to purchasing up to $15 billion of additional compute capacity across forthcoming Nebius clusters over the same period. Nebius will offer that capacity to third-party customers of its AI cloud business first, with Meta taking up any remainder.
Nebius, included among UK Investor Magazine’s Top 20 Stock Picks for 2026, looks to be establishing itself as the leading ‘Neocloud’ firm with a swathe of high-profile agreements.
The deal with Meta comes just days after Nvidia announced a $2 billion strategic investment in Nebius, granting the company early access to its latest chip architectures, including the Vera Rubin platform, now central to the Meta contract. That partnership is designed to help Nebius scale to more than five gigawatts of capacity by the end of the decade.
Together, the two deals position Nebius as an increasingly significant player in the race to build out hyperscale AI infrastructure, with backing from both the leading chipmaker, Nvidia, and one of the world’s biggest consumers of AI compute, Meta, who has signalled further capex spend on infrastructure this year.