Meta, $10+ billion cloud deal with Google
Under the agreement, Meta will use the servers, storage, networking and other services of Google Cloud
1' min read
1' min read
Google has entered into a six-year cloud computing agreement with Meta Platforms worth over USD 10 billion, a source familiar with the matter told Reuters on Thursday, the search giant's second major deal recently concluded after the one with OpenAI.
Under the agreement, Meta will use Google Cloud servers, storage, networking and other services, said the source, who asked not to be named because the discussions are confidential.
Google and Meta did not immediately respond to requests for comment. The agreement was first reported by The Information.
The news comes after statements made in July by Meta's CEO, Mark Zuckerberg, that the company had spent hundreds of billions of dollars to build several huge data centres dedicated to artificial intelligence.
The company increased the minimum threshold of its annual capital expenditure forecast by USD 2 billion to a range of USD 66-72 billion last month.
