US EditionGoogle scores six-year Meta cloud deal worth over $10 billion
Meta's $10 billion deal with Google Cloud focuses on AI infrastructure to support its expanding Llama AI models and services, amid intense cloud market competition.
- Meta has agreed to spend more than $US10 billion with Google over six years in a contract mainly providing AI infrastructure, The Information reported.
- Facing $US114 billion–$US118 billion in expected 2025 expenses, Meta operates its own data centres and also uses Amazon Web Services and Microsoft Azure.
- Alphabet reported that Google Cloud generated $US2.83 billion in operating income on $US13.6 billion revenue in Q2, and earlier this year won cloud business from OpenAI, showing momentum in AI clients.
- Despite long rivalry in online ads, Meta and Google have partnered on this deal, advancing Google's effort to win large cloud contracts as it chases Amazon Web Services and Microsoft Azure.
- By reshaping cloud partnerships, the contract will affect competition and AI capabilities as Meta invests heavily in AI infrastructure and builds out its Llama family of models with Google, challenging AWS and Microsoft Azure.
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IOL Portugal
IOL PortugalThe contract is one of the largest so far signed by the Google cloud division. The President of the Meta announced in July the investment of "hundreds of millions of dollars" in IA.
·Portugal
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According to the agreement, Meta will use servers, storage, networking and other Google Cloud services
·Milan, Italy
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Mark Zuckerberg's Meta Strikes $10 Billion Cloud Pact with Google To Power AI Ambitions Despite Tech Rivalry: Report - Alphabet (NASDAQ:GOOG), Amazon.com (NASDAQ:AMZN)
Meta has reportedly struck a six-year, $10 billion deal with Google Cloud to power its AI ambitions, marking a rare partnership between fierce ad rivals as both companies race to scale generative AI.
·New York, United States
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Coverage Details
Total News Sources56
Leaning Left5Leaning Right11Center17Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
15%
C 52%
R 33%
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