Meta Signs Up To $27B AI Infrastructure Deal With Nebius

Meta has signed a major agreement with Nebius to secure artificial intelligence infrastructure capacity, a deal valued at up to $27 billion, according to multiple published reports.

The arrangement is an AI capacity pact between Meta and Nebius, a company described in coverage as Dutch. Reuters reported the agreement is for at least $12 billion, with other reports characterizing the overall deal value as reaching $27 billion. IndexBox described the structure as a $12 billion agreement with an additional $15 billion option extending through 2027.

The deal centers on AI infrastructure, a category that broadly includes the computing capacity and supporting systems needed to train and run advanced AI models. The reports did not provide detailed technical specifications in the supplied context, but characterized the agreement as a large-scale capacity commitment.

The development is significant because it underscores the scale of spending and long-term contracting now shaping the AI infrastructure market. For companies building and deploying AI systems, access to reliable, high-volume compute is a core constraint, and multiyear agreements can help lock in capacity. For infrastructure providers, landing a commitment from a company of Meta’s size can represent a meaningful expansion of contracted demand.

Market reaction was immediate in at least one case. Investing.com reported that shares jumped following news of the agreement, while Barron’s reported Nebius stock surged after it landed the deal.

The reports also indicate the agreement is not necessarily a single fixed amount. Reuters’ characterization of “at least $12 billion” and other coverage citing “up to $27 billion” suggest a baseline commitment with additional optionality or expansion capacity that could be exercised over time. IndexBox explicitly framed the deal as a $12 billion agreement plus a $15 billion option through 2027.

Meta has been investing heavily across AI, and the Nebius agreement adds to the list of large infrastructure steps the company has been taking to support AI development and deployment. For Nebius, the contract positions the company as a significant supplier of AI capacity under a high-value, high-profile commercial partnership.

Next steps will center on execution of the agreement and any subsequent disclosures about timing, capacity delivery, and whether Meta elects to exercise the option component described in published reports. Additional details could emerge through future company statements, regulatory filings, or further reporting on the operational rollout of the infrastructure capacity covered by the pact.

The agreement, reaching as high as $27 billion, highlights how the race to build AI systems is increasingly being matched by an equally aggressive race to secure the infrastructure needed to run them.