Google Secures Massive $10 Billion-Plus AI Cloud Deal With Meta in Game-Changing Partnership
:max_bytes(150000):strip_icc()/GettyImages-2195894699-4ba64239396744afac9f8c97d0773334.jpg)
Tech titans lock horns—and wallets—in AI arms race.
The Cloud Wars Escalate
Google just landed a monster cloud contract with Meta, worth over $10 billion. This isn't just another enterprise deal—it's a full-scale AI infrastructure partnership that reshapes the competitive landscape.
AI Gets Its Fuel
Meta's betting big on Google's cloud capabilities to power its ambitious AI initiatives. The deal signals that even tech giants can't go it alone in the AI gold rush—sometimes you gotta pay the toll to the cloud infrastructure overlords.
Wall Street's Watching
While engineers celebrate the technical possibilities, finance bros are already calculating the ROI—because nothing says 'innovation' like spending ten figures to maybe, possibly, eventually turn a profit. The cloud market just got hotter, and shareholders are left wondering if this is visionary spending or just another costly lap in the AI hype cycle.
KEY TAKEAWAYS
- Meta Platforms has reportedly agreed to spend more than $10 billion on cloud services from Google, as the search giant seeks to catch up with larger rivals in the space, namely Amazon Web Services and Microsoft Azure.
- The deal struck by Alphabet's Google spans six years, according to CNBC.
- Google reportedly struck a cloud deal in June with OpenAI, which had earlier relied on Microsoft’s Azure infrastructure.
Meta Platforms (META) has reportedly agreed to spend more than $10 billion on cloud services from Google, as the search giant seeks to catch up with larger rivals in the space, namely Amazon Web Services and Microsoft Azure.
The deal struck by Alphabet’s (GOOGL) Google spans six years, according to CNBC. The Information had reported the news earlier.
CNBC said, citing a person familiar with the matter, that “Meta’s deal with Google is mainly around artificial intelligence infrastructure.”
Google's cloud business has been booming. In July, Alphabet said its second-quarter Google Cloud revenue jumped 32% year-over-year to $13.62 billion, as the tech giant posted quarterly results that topped estimates. In June, Google reportedly won a contract from ChatGPT developer OpenAI, which had earlier relied on Microsoft’s (MSFT) Azure infrastructure.
Meta and Google didn’t immediately respond to requests for comment.