Alphabet’s Google Cloud has secured a six-year contract worth more than $10 billion to provide Meta Platforms with servers, storage, networking and other infrastructure, according to multiple people familiar with the matter. The agreement, first reported by The Information and confirmed by Reuters and CNBC, is among the largest ever signed by Google’s 17-year-old cloud division and will supply Meta with Nvidia-powered hardware to run artificial-intelligence workloads. The pact unites two rivals in digital advertising at a time when both are racing to scale generative-AI services. Meta has lifted its 2025 capital-expenditure outlook to as much as $72 billion and is exploring sales of about $2 billion in data-center assets as it seeks additional computing capacity. Chief Executive Officer Mark Zuckerberg has said the company will spend “hundreds of billions of dollars” over the coming years to build out AI data centers. For Google Cloud, the deal marks a second high-profile win after landing OpenAI earlier this year and underscores growing demand for multicloud strategies as enterprises diversify beyond market leaders Amazon Web Services and Microsoft Azure. Google’s cloud unit reported a 32 % jump in second-quarter revenue to $13.6 billion, and analysts say the Meta contract could further narrow the gap with its larger competitors.
One of the largest deals in Google Cloud's 17 year history. And it's with one of its fiercest competitors -> Meta has signed a deal with Google, worth more than $10B over six years, to use Google Cloud's servers, storage, networking, and other services https://t.co/n5lfIRPuoU https://t.co/B8918qubMi
INTEL: Meta signs six-year Google Cloud deal worth more than $10 billion
NEW: Meta signs a $10B deal with Google for its cloud computing services to boost AI computing power, per Bloomberg. https://t.co/BAhqiEiphn