Meta Signs $10 Billion-Plus Cloud Deal With Google

Google has struck a major cloud computing deal with Meta Platforms, according to two people familiar with the matter. As part of the agreement, the social media giant will use Google Cloud’s servers, storage, networking and other services, one of the people said.

The deal—worth more than $10 billion over six years, the person said—is one of the largest known agreements in Google Cloud’s 17-year history. It comes after Meta CEO Mark Zuckerberg in July said his company would spend “hundreds of billions of dollars” on expanding its computing capacity to enable its ambitions in artificial intelligence.