Nebius Group Expands AI Capacity with €10b Finnish Data Center and Mega Partnerships

Nebius Group plans to invest €10b in a 310 MW AI data center in Finland, one of the largest in Europe. The company has agreed a supply deal with Meta Platforms worth up to $27b and a $2b collaboration with Nvidia focused on advanced AI computing infrastructure. These developments highlight Nebius' potential for a larger role in emerging AI workloads and infrastructure sharing, but key questions center on execution and the impact on margins, cash flows, and capital needs over the coming years.