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Story summary
- Meta Platforms and Nebius Group signed a five-year agreement worth up to $27 billion, including $12 billion in AI infrastructure to begin delivery in early 2027, with an option for $15 billion more.
- The deal follows a prior $3 billion agreement.
- Nebius shares rose about 14% after the announcement, as major tech firms eye roughly $650 billion in AI infrastructure investment in 2026.
