financetom
Technology
financetom
/
Technology
/
Meta signs over $10 billion cloud deal with Google, source says
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Meta signs over $10 billion cloud deal with Google, source says
Aug 21, 2025 5:21 PM

Aug 21 (Reuters) - Google has struck a cloud

computing deal with Meta Platforms ( META ) worth more than $10

billion, a source familiar with the matter told Reuters on

Thursday.

Under the agreement, Meta will use Google Cloud's servers,

storage, networking and other services, the source added.

Google and Meta did not immediately respond to requests for

comment.

The deal was first reported by the Information.

The news comes after Meta CEO Mark Zuckerberg's comments in

July that the company would spend hundreds of billions of

dollars to build several massive AI data centers.

In June, Reuters reported that OpenAI was planning to add

Alphabet's Google Cloud service to meet its growing needs for

computing capacity.

Meta is seeking outside partners to help it fund the massive

infrastructure needed to power AI by offloading $2 billion in

data center assets, the company disclosed in a filing earlier

this month.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Amnesty says Pakistan spying on millions through phone-tapping, firewall
Amnesty says Pakistan spying on millions through phone-tapping, firewall
Sep 8, 2025
KARACHI (Reuters) -Pakistan is spying on millions of its citizens using a phone-tapping system and a Chinese-built internet firewall that censors social media, in one of the most comprehensive examples of state surveillance outside China, Amnesty International said. The rights watchdog said in a report released on Tuesday that Pakistan's growing monitoring network was built using both Chinese and Western...
How Do Investors Really Feel About Paycom Software? (CORRECTED)
How Do Investors Really Feel About Paycom Software? (CORRECTED)
Sep 8, 2025
Editor's Note: This article has been updated to clarify that Paycom does not report short-interest figures.  Paycom Software ( PAYC )'s short percent of float has risen 4.63% since the latest available data. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling...
Intel, Now Backed By Trump Administration, Announces Major Leadership Reshuffle: 30-Year Products Veteran To Step Down
Intel, Now Backed By Trump Administration, Announces Major Leadership Reshuffle: 30-Year Products Veteran To Step Down
Sep 8, 2025
On Monday, Intel Corp. ( INTC ) announced new executive changes as CEO Lip-Bu Tan works to streamline operations and reassure investors following the U.S. government's unprecedented move to take a 10% stake in the chipmaker. Veteran Products Chief Departs After Three Decades Michelle Johnston Holthaus, Intel's ( INTC ) head of products and a 30-year company veteran, will step...
Taiwan's offshore wind projects to move to deeper waters, requiring more state support
Taiwan's offshore wind projects to move to deeper waters, requiring more state support
Sep 8, 2025
* Number of prospective shallow-water projects in decline * Technical challenges of deep waters would increase funding need * Policy change to quicken growth creates investment uncertainty By Sudarshan Varadhan and Ben Blanchard SINGAPORE/TAIPEI, Sept 9 (Reuters) - Taiwan's bid to propel its billowing offshore wind power market will entail huge government support for prospective suppliers to achieve capacity goals...
Copyright 2023-2026 - www.financetom.com All Rights Reserved