PANews reported on March 16 that Meta will pay up to $27 billion over the next five years for cutting-edge artificial intelligence infrastructure from cloud service provider Nebius Group. The Dutch company Nebius stated in a press release on Monday that it will provide Meta with $12 billion worth of dedicated computing power starting in early 2027. Meta has also committed to purchasing up to $15 billion worth of additional computing power. This expenditure is one of the largest single contracts Meta has signed, highlighting its urgent need to expand computing power to support the development of artificial intelligence products. Last year, it also signed a separate $3 billion contract with Nebius.