Meta and Nebius Forge $27 Billion AI Infrastructure Partnership

Meta has entered a long-term agreement with AI cloud company Nebius Group N.V. (NASDAQ: NBIS) to secure up to $27 billion in AI infrastructure capacity over the next five years. The deal underscores the escalating investment by tech giants in artificial intelligence and the growing demand for specialized computing power.

Deal Breakdown

The agreement comprises two key components. Nebius will initially provide $12 billion in dedicated compute capacity, leveraging one of the first large-scale deployments of NVIDIA’s Vera Rubin platform, starting in early 2027. Meta has committed to purchasing up to $15 billion in additional compute capacity from Nebius clusters reserved for third-party customers.

Nebius’s Financing and Expansion

Following the announcement of the Meta and Nvidia deals, Nebius announced on Tuesday, March 16, 2026, that it would raise $3.75 billion in convertible debt to finance its expansion. This includes $2 billion in notes due in 2031 and $1.75 billion due in 2033, intended for building data centers and acquiring chips. Despite the financing announcement, Nebius stock experienced a 9% decline on Tuesday.

Nvidia’s Investment in Nebius

In a separate agreement, Nebius committed to deploying over 5 gigawatts of data center capacity by the end of 2030, securing a $2 billion investment from Nvidia. This collaboration highlights the critical role of specialized hardware in supporting AI workloads.

Meta’s AI Investment and Restructuring

Meta’s substantial investment in AI infrastructure is part of a broader strategy to allocate between $115 billion and $135 billion to AI in 2026, a significant increase from the $72.22 billion spent in 2025. This investment is fueling the development of Meta’s Superintelligence Labs and in-house chip development. Recent reports suggest Meta is also exploring workforce reductions of up to 20% to offset the costs associated with its AI build-out, including the $14.3 billion acquisition of Scale AI and the hiring of key AI talent.

The Growing Demand for AI Infrastructure

The partnership between Meta and Nebius reflects the increasing demand for hyperscale computing to support advanced AI workloads. Other hyperscalers are also making significant investments in AI infrastructure, signaling a broader trend in the industry.

About Nebius

Nebius Group N.V., headquartered in Amsterdam and listed on Nasdaq (NBIS), is focused on building a full-stack platform for AI development and deployment, serving both startups and enterprises worldwide.

Sources: Nebius, AIM Magazine, CNBC, TNW