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.

Meta Platforms Inc. has agreed to a deal worth at least $10 billion with Alphabet Inc.’s Google for cloud computing services, according to people familiar with the matter, part of the social media giant’s spending spree on artificial intelligence.

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.