Nebius says Meta plans to spend up to $27B over the next five years to access AI infrastructure, starting with $12B of capacity in early 2027; NBIS jumps 12%+
Meta Platforms Inc. will pay as much as $27 billion over the next five years for access to cutting-edge artificial intelligence infrastructure …
Bloomberg Kurt Wagner
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Discussion
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@kakashiii111
@kakashiii111
on x
Meta committed to cloud contracts and to buying their own GPUs [the second-largest customer of Nvidia], and to building their own data centers in amounts that make it look like a top-tier AI lab like Anthropic or OpenAI, or a top CSP like Microsoft or Amazon. It's just that they
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@nebiusai
@nebiusai
on x
Nebius signs a new AI infrastructure agreement with Meta (up to ~$27B). “We are pleased to expand our significant partnership... to accelerate the build-out and growth of our core AI cloud business.” - CEO Arkady Volozh Read more: https://nebius.com/... [image]
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@edzitron.com
Ed Zitron
on bluesky
just once in one of these stories i wish that the reporters in question would actually look into the viability of this capacity. At about $12.5m a megawatt this is 960MW of capacity. Nebius will only, at max have 800mw-1gw by end of 2026. How does this work, exactly? [embedded…
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@edzitron.com
Ed Zitron
on bluesky
Nebius also has a massive (as much as $17bn) contract with Microsoft to fulfill - served out of the behind-schedule Vineland NJ data center. This “deal” only serves to help Nebius raise more debt to build theoretical data centers in 2-4 years
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@jimcramer
Jim Cramer
on x
their day!!! [image]