Meta (NASDAQ:META) has signed a six-year deal worth over $10 billion with Alphabet (NASDAQ:GOOG), The Information reports, in a major cloud computing win where Meta will use Google Cloud’s servers, storage and networking.
• The deal makes Meta one of the world’s largest cloud customers: The move gives Meta the scope to further build out AI infrastructure, improve its ability to serve clients around the world, and better compete with the likes of OpenAI.
• One of the largest ever known contracts for Google Cloud: Given Alphabet reported revenue of $13.6 billion for cloud services last quarter, the deal will provide a notable financial boost, enabling it to further take market share from Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT).
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Meta and Alphabet combined know more about me than I know about myself.
Combine Facebook and the data from my Fitbit watch and Google searches…it’s scary.
Wendy
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And now billions of people in the world who use computers, smart phones, and internet connected gadgets are in their data banks. Back in 1968 when I graduated from UCLA, this capability was only in the minds of a few people.
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