Meta signs over $10 billion cloud deal with Google, source says

(Reuters) -Google made a six -year cloud computing agreement with more than $ 10 billion meta platforms.

In accordance with the agreement, Meta asked Google Cloud not to be named for its servers, storage, network creating and other services because the discussions are hidden.

Google and Meta did not respond immediately to comments requests.

The agreement was first reported by information.

The news comes after Mark Zuckerberg, CEO of Meta CEO, in July after the company will spend hundreds of billions of dollars to build several major data centers.

The company increased the lower end of annual capital expenditures 2 billion dollars and increased it to $ 72 billion between $ 66 billion last month.

Meta is looking for external partners to finance the gigantic infrastructure required to strengthen AI by making a 2 billion dollars of unloading to its data center assets, which is described in a file at the beginning of this month.

In June, Reuters reported that Alphabet plans to add Google Cloud to Openai’s two leading competitors in the artificial intelligence industry, which is a surprising cooperation, to meet the increasing information processing needs.

In the midst of these agreements, Google Parent’s cloud information unit provided an almost 32% leap in the second quarter income in July, which exceeded expectations.

(Reporting by Angela Christy in Sananani Ghosh and Bengaluru in San Francisco;