Meta Platforms five-year dedicated-capacity arrangement
Company: Nebius
The claim, verbatim
Meta Platforms agreed to a five-year dedicated-capacity arrangement for $12 billion, with an additional commitment that could bring total compute purchases to $15 billion
Source (primary)
CoreWeave vs. Nebius: Which AI Infrastructure Stock Is the Better Buy? - The Motley Fool (-, news_article)
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Quote: “In March, Meta Platforms ( META +1.00% ) agreed to a five-year, $12 billion dedicated-capacity arrangement, with another commitment that could bring its total compute purchases to $15 billion over five years”
How we checked this
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Additional evidence
confirms CoreWeave vs. Nebius: Which AI Infrastructure Stock Is the Better Buy? - The Motley Fool
Quote: “In March, Meta Platforms ( META +1.00% ) agreed to a five-year, $12 billion dedicated-capacity arrangement, with another commitment that could bring its total compute purchases to $15 billion over five years”