Meta, the parent company of Facebook, has signed a large-scale cloud computing contract with Google, according to a report by the technology news outlet The Information on the 21st (local time), citing sources familiar with the matter.
The sources noted that the contract period is 6 years, with a scale of $10 billion (approximately 14 trillion won), making it one of the largest contracts signed by Google Cloud since 2017. Earlier this year in February, Salesforce signed a $2.5 billion contract with Google Cloud for 7 years.
Meta will utilize Google Cloud's servers, data storage, networking, and other services. It has also been reported that the contract includes access to NVIDIA graphics processing units (GPUs) operated in Google's data centers.
Mark Zuckerberg, the Chief Executive Officer (CEO) of Meta, has mentioned that the company plans to invest hundreds of billions of dollars in expanding its artificial intelligence (AI) computing capabilities. Meta has been employing a 'multi-cloud' strategy, expanding its own data centers while renting servers from other cloud providers.
Recently, with an investment of $1 billion, Meta opened a new data center in Kansas City, Missouri, and has contracts with Amazon Web Services (AWS) and Microsoft Azure to rent cloud servers, while also borrowing servers from Oracle and CoreWeave.
The Information assessed that this contract between Meta and Google is "the latest example showing that Google can establish cloud contracts even with its fiercest competitors." Google also signed a cloud computing contract with OpenAI last month. Although Apple is the biggest competitor of the Android operating system, it is one of the largest customers storing iCloud customer data on Google Cloud.