(Reuters) -Google has struck a six-year cloud computing deal with Meta Platforms worth more than $10 billion, a source familiar with the matter told Reuters on Thursday, the search giant’s second big agreement recently after one with OpenAI.<\/p>\n
Under the agreement, Meta will use Google Cloud’s servers, storage, networking and other services, the source, who asked not to be named because the discussions are confidential, said.<\/p>\n
Google and Meta did not immediately respond to requests for comment.<\/p>\n
The deal was first reported by the Information.<\/p>\n
The news comes after Meta CEO Mark Zuckerberg’s comments in July that the company would spend hundreds of billions of dollars to build several massive AI data centers.<\/p>\n
The company raised the bottom end of its annual capital expenditures forecast by $2 billion, to a range of $66 billion to $72 billion last month.<\/p>\n
Meta is seeking outside partners to help it fund the massive infrastructure needed to power AI by offloading $2 billion in data center assets, the company disclosed in a filing earlier this month.<\/p>\n
In June, Reuters reported that OpenAI was planning to add Alphabet’s Google Cloud service to meet its growing needs for computing capacity, a surprising collaboration between two prominent competitors in the artificial intelligence sector.<\/p>\n
Amid this flurry of deals, Google parent’s cloud-computing unit delivered an almost 32% jump in second-quarter revenue in July, which surpassed expectations.<\/p>\n
(Reporting by Sayantani Ghosh in San Francisco and Angela Christy in Bengaluru; additional reporting by Yazhini MV and Mrinmay Dey in Bengaluru; editing by Alan Barona)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -Google has struck a six-year cloud computing deal with Meta Platforms worth more than $10 billion, a…\n","protected":false},"author":2,"featured_media":86647,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[64,63,2575,257,113,29700,32979,105],"class_list":{"0":"post-86646","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-computing","8":"tag-au","9":"tag-australia","10":"tag-cloud-computing","11":"tag-computing","12":"tag-google","13":"tag-google-cloud","14":"tag-meta-platforms","15":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/86646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=86646"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/86646\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/86647"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=86646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=86646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=86646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}