Bloomberg Technology·2 min read
Meta to Spend Up to $27 Billion on Nebius AI Infrastructure
Meta invests heavily in AI infrastructure.
Meta has announced plans to invest as much as $27 billion over the next five years to access artificial intelligence infrastructure provided by Nebius Group. This substantial investment aims to bolster Meta's AI capabilities, reflecting the company's commitment to advancing its technological infrastructure in a competitive landscape.
Key Takeaways
- 1.
Meta will allocate up to $27 billion over five years for AI infrastructure.
- 2.
The investment is aimed at enhancing capabilities through Nebius Group.
Get your personalized feed
Trace groups the biggest stories, videos, and discussions into one feed so you can stay current without scanning ten tabs.
Try Trace free