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Google has won a $10 billion cloud contract from Meta Platforms for six years, according to CNBC. The deal is reportedly worth $10 billion and aims to enhance Meta's cloud infrastructure. Alphabet's shares rose 0.5% to $200.66 in after-hours trading, while Meta's shares fell 0.1% to $738.10.

Meta Platforms Inc. has entered into a six-year cloud computing agreement with Alphabet Inc.'s Google, valued at over $10 billion. This deal, reported by CNBC [3], signifies a significant step in Meta's ongoing investment in artificial intelligence (AI) and infrastructure. The agreement will see Meta utilizing Google Cloud's servers, storage, and other services to bolster its cloud capabilities.

The deal marks the first major cloud computing partnership between Meta and Google, with Google ranking third in the market behind Amazon.com Inc.'s AWS and Microsoft Corp.'s Azure [1]. Meta, which is known for its social media platforms Facebook and Instagram, has been actively constructing its own data centers but has also been seeking external partnerships to accelerate its AI development [2].

Meta CEO Mark Zuckerberg has pledged to spend hundreds of billions of dollars on AI and the necessary infrastructure. The company has more than two dozen data centers and is constructing additional facilities, including a 4 million-square-foot project in rural Louisiana. However, some of these facilities won't be operational for several years, prompting Zuckerberg to seek quick access to more computing power [1].

Google Cloud has previously collaborated with Meta on smaller projects and has made Meta's open-source AI model, Llama, available through its Vertex AI platform [1]. The new deal underscores Google Cloud's strategy to position itself as a flexible, one-stop shop for AI services [1].

The agreement comes on the heels of Google's deal with OpenAI, another major AI player, which also highlights Google's growing influence in the AI sector [2]. Google's cloud division has seen strong revenue growth, posting nearly 32% growth in the second quarter, partly attributed to these strategic partnerships [2].

Alphabet's shares rose 0.5% to $200.66 in after-hours trading following the announcement, while Meta's shares fell 0.1% to $738.10 [3]. The deal is expected to validate Google Cloud's lower token pricing compared to other hyperscalers, according to Bloomberg Intelligence analysts [1].

References:
[1] https://www.bloomberg.com/news/articles/2025-08-22/meta-signs-10-billion-google-cloud-computing-deal-amid-ai-race
[2] https://timesofindia.indiatimes.com/technology/tech-news/after-openai-mark-zuckerbergs-meta-signs-10-billion-cloud-deal-with-google/articleshow/123446882.cms
[3] https://www.cnbctv18.com/technology/meta-signs-10-billion-google-cloud-computing-deal-amid-ai-race-mark-zuckerberg-facebook-instagram-19657606.htm