Meta Signs $10B+ Cloud Deal with Google for AI Infrastructure

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22 hrs ago

Above: A photo illustration of the Meta Platforms Inc. logo displayed on a smartphone. Image copyright: Cheng Xin/Getty Images

story last updated 12 hrs ago

The Spin

Narrative A

This massive deal proves that Google Cloud is finally gaining serious ground against AWS and Azure. The 32% growth demonstrates that businesses are choosing Google's competitive pricing and AI-focused services. Landing both Meta and OpenAI as major clients illustrates that Google's cloud strategy is working perfectly.

AI Invest Alphabet Inc.

Narrative B

Meta's deal with Google is a necessary part of the company's long-term strategy. For the time being, Google Cloud services will serve as a stopgap measure until Meta finalizes its multi-gigawatt superclusters, such as Prometheus and Hyperion, which will provide the company with a sustainable solution to its computing needs.

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