Google scores six-year Meta cloud deal worth over $10 billion

Core Insights - Meta has agreed to spend over $10 billion on Google cloud services over a six-year period, focusing on artificial intelligence infrastructure [1][4] - Google is actively pursuing large cloud contracts to compete with Amazon Web Services and Microsoft Azure, having recently secured business from OpenAI [2] - Google Cloud unit reported $2.83 billion in operating income on $13.6 billion in revenue for Q2, with a revenue growth of 32% [3] Company Strategies - Meta is heavily investing in AI infrastructure and talent, with total expenses expected to be between $114 billion and $118 billion in 2025 [4] - The partnership with Google indicates Meta's need for extensive cloud infrastructure, as it also utilizes services from Amazon and Microsoft [5] - Despite being rivals in online advertising, the collaboration highlights the necessity for Meta to enhance its cloud capabilities [5]