Meta Inc. 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 said in a statement Monday that Nebius 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 more in 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 AI products. Last year, it also signed a separate $3 billion contract with Nebius. (Jinshi)