Standard_L16s is an Azure VM size with 16 vCPUs, 128 GiB memory. In Australia East it costs $1.496 per hour on demand ($1,092.08 per month) for Linux. Spot capacity is about $0.2766 per hour. It is sold in 13 regions; the cheapest is West US 2 at $1.248 per hour.
Prices by region
USD per hour, Linux. Reserved prices are no upfront, standard. Cheapest on-demand first.