Published 15 days ago • loading... • Updated 13 days ago

Google scores six-year Meta cloud deal worth over $10 billion

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.

Insights by Ground AI

Does this summary seem wrong?

106 Articles

cnet

Reposted by

World NEWS Live

Center

Meta's AI Push Leads to $10 Billion Google Cloud Deal, Report Says

According to Bloomberg, Meta will pay at least $10 billion over six years to use Google Cloud servers and storage to expand its AI capabilities.

14 days ago·New York, United States

Read Full Article

El Tiempo Latino

Center

Target Will Spend $10 Billion on Google’s Cloud Services

Meta Platforms will spend more than $10 billion on cloud services provided by Google. This strategic move seeks to position Google against giants like Amazon Web Services and Microsoft Azure in the growing cloud market. According to the original CNBC report, this collaboration will extend for a period of six years.One of the main approaches of the agreement between Meta and Google is to strengthen the artificial intelligence infrastructure.This …

14 days ago

Read Full Article

sherwood.news

Lean Left

Google has secured a $10 billion cloud deal with Meta

A big win for Alphabet, the partnership will run over the next six years....

14 days ago

Read Full Article

Silicon Republic

Center

Reports: Meta signs $10bn deal to use Google cloud

Meta will be paying more than $10bn to use Google’s cloud services for six years. The deal is primarily around Meta's AI infrastructure.

14 days ago

Read Full Article

Tech Radar

Center

Meta clinches mega $10 billion cloud deal with Google

Meta needs Google’s help to support it with even more AI and cloud computing infrastructure.

15 days ago·United Kingdom

Read Full Article

Observador

Reposted by

IOL Portugal

Lean Right

Sign a 10 Billion-Dollar Contract to Use Google Cloud

The 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.

15 days ago·Portugal

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year