Meta CEO Mark Zuckerberg will give a keynote speech at the Meta Connect Annual event held on September 25, 2024 at the company’s headquarters in Menlo Park, California.
Manuel Orbegozo | Reuters
Meta I agreed to spend over $10 billion Google According to two people familiar with the issue, the cloud service.
The contract lasts six years, said those who asked not to name it because the terms were confidential. This transaction was previously reported by information.
Google is aiming to land a big cloud deal as it chases bigger rivals Amazon Web services and Microsoft Azure for cloud infrastructure. Earlier this year, Google acquired Cloud Business from Openai. This previously was deeply dependent on Microsoft’s Azure infrastructure.
Alphabet said in July that Google Cloud units, which include infrastructure plus productivity software subscriptions, generated operating profit of $2.83 billion in revenue in the second quarter with $13.6 billion in revenue. Revenue growth of 32% surpassed the company’s overall expansion of 13.8%.
Meta’s dealing with Google is primarily focused on artificial intelligence infrastructure, one of the people said. Meta said in its revenue report last month that it expects total costs for 2025 to be in the range of $114 billion and $118 billion. He invests heavily in AI infrastructure and talent, building models for the Rama family and adding AI to his entire portfolio of services.
Meta and Google have long been rivals in online advertising. However, you need all cloud infrastructure that has access to the meta. The company operates a data center and is committed to using Amazon and Microsoft’s cloud services.
Google declined to comment.
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