Meta entered a six-year cloud contract with Google valued at more than $10 billion to supply servers, storage, and networking for AI workloads. The agreement strengthens Google Cloud through its largest-ever deals and follows the onboarding of OpenAI, boosting Googles share of the AI-driven cloud market. Alphabet reported Google Cloud revenue of $13.6 billion in Q2FY25, up 31.4% year-over-year, outpacing overall revenue growth. Meta plans massive AI investments, operates data centers to train Llama models, integrates generative AI across Instagram, Facebook, and WhatsApp, and has formed a Superintelligence team by recruiting top talent.
Google Cloud has secured its largest deals in history, marking a major victory in its competition with hyperscalers Microsoft (MSFT) and Amazon Web Services (AMZN). Recently, Google also onboarded ChatGPT maker OpenAI as its cloud customer, helping it capture a greater share in the AI-driven cloud market. Google's Cloud unit offers a mix of productivity software as well as infrastructure services.
In July, CEO Mark Zuckerberg announced that Meta plans to invest "hundreds of billions of dollars" to accelerate its AI efforts. The company already runs its own data centers to train Llama models and has integrated generative AI across Instagram, Facebook, and WhatsApp. Zuckerberg has also created a dedicated Superintelligence team by poaching top talent from rival
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