Meta struck a massive $10B AI cloud hosting deal with Google, boosting Google’s cloud revenue and solidifying Meta’s AI expansion plans.

According to Bloomberg, Meta will pay at least $10 billion over six years to use Google Cloud servers and storage to expand its AI capabilities.

Google has struck a six-year cloud computing deal with Meta Platforms worth more than $10 billion, a source familiar with the matter told Reuters on Thursday, the search giant's second big agreement recently after one with OpenAI.