Meta and Google sign $10 billion cloud deal | Latest Tech News
Aug 21 (GWN) – Google has struck a six-year cloud computing deal with Meta Platforms value more than $10 billion, a source acquainted with the matter told GWN on Thursday, the search giant’s second big settlement not too long ago after one with OpenAI.
Under the settlement, Meta will use Google Cloud’s servers, storage, networking and other companies, the source, who requested not to be named because the discussions are confidential, said.
Google and Meta didn’t immediately reply to requests for remark.
Google and Meta Platforms have made a six-year cloud computing deal value over $10 billion. AFP via Getty Images
Google, which also has a deal with OpenAI, would permit Meta to use Google Cloud’s servers, storage, networking and other companies. REUTERS
The deal was first reported by the Information.
The news comes after Meta CEO Mark Zuckerberg’s feedback in July that the company would spend tons of of billions of {dollars} to construct a number of huge AI data facilities.
Meta CEO Mark Zuckerberg said in July that the company would spend tons of of billions of {dollars} on AI data facilities. REUTERS
According to a submitting earlier this month, Meta is searching for exterior companions to help it fund the infrastructure for AI by offloading $2 billion in data heart belongings. REUTERS
The company raised the underside end of its annual capital expenditures forecast by $2 billion, to a vary of $66 billion to $72 billion last month.
Meta is searching for exterior companions to help it fund the huge infrastructure needed to energy AI by offloading $2 billion in data heart belongings, the company disclosed in a submitting earlier this month.
In June, GWN reported that OpenAI was planning to add Alphabet’s Google Cloud service to meet its growing wants for computing capability, a stunning collaboration between two distinguished rivals in the artificial intelligence sector.
Amid this flurry of offers, Google mother or father’s cloud-computing unit delivered an nearly 32% bounce in second-quarter income in July, which surpassed expectations.
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