Meta has signed a new long-term agreement to spend up to $27 billion on Dutch cloud provider Nebius ' AI infrastructure, the company announced on Monday. Nebius' shares surged 14% in pre-market trading. Over the next five years, Nebius will provide $12 billion of dedicated capacity across a number of locations, including on what the company says will be one of the first large-scale deployments of Nvidia' s latest AI-specialist Vera Rubin chips. Meta has also committed to purchase additional