Meta’s cloud deal with Google is valued at approximately how much and over what duration?

Meta Platforms Inc. signed a cloud services agreement with Google valued at $10 billion to be consumed over six years. The contract will enable Meta to use Google Cloud’s servers and storage to scale computing capacity for AI workloads on platforms like Facebook and Instagram. This is notable because it is Meta’s first major cloud deal with Google, and it demonstrates how even companies with extensive in-house data centres (Meta owns many) may contract third-party cloud capacity to fast-ramp AI compute needs. The deal also positions Google Cloud—ranked third in the cloud market behind AWS and Microsoft Azure—as a strategic infrastructure provider for hyperscalers.