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Meta and Google Cloud Sign Six-Year, $10 Billion Partnership

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Manage episode 503156467 series 2536260
Content provided by Bob Evans. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bob Evans or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In today's Cloud Wars Minute, I explore how explosive AI demand is driving massive infrastructure deals like the one between Google Cloud and Meta.

Highlights

0:03 — Google Cloud has entered into a six-year agreement with Meta that's reportedly worth over $10 billion. The deal encompasses a variety of services, including use of Google Cloud servers, storage, and networking facilities. This is a significant deal in terms of the relationship between Meta and Google, both of which are continuously battling for dominance in the ad spend space.

00:52 — As the demand for cloud capacity surges, such deals are not just important, but crucial, given the fierce competition among top cloud infrastructure providers. And my colleague Bob Evans recently reported on the explosive demand for AI services — and how this demand has led to four companies spending a combined billion dollars a day on capital expenditure in Q2.

01:29 — Currently, Google Cloud holds the second position in the Cloud Wars Top 10. However, more deals like this — especially those that mean potential losses for Microsoft — could soon elevate Google Cloud to the top spot.

Visit Cloud Wars for more.

  continue reading

529 episodes

Artwork
iconShare
 
Manage episode 503156467 series 2536260
Content provided by Bob Evans. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bob Evans or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

In today's Cloud Wars Minute, I explore how explosive AI demand is driving massive infrastructure deals like the one between Google Cloud and Meta.

Highlights

0:03 — Google Cloud has entered into a six-year agreement with Meta that's reportedly worth over $10 billion. The deal encompasses a variety of services, including use of Google Cloud servers, storage, and networking facilities. This is a significant deal in terms of the relationship between Meta and Google, both of which are continuously battling for dominance in the ad spend space.

00:52 — As the demand for cloud capacity surges, such deals are not just important, but crucial, given the fierce competition among top cloud infrastructure providers. And my colleague Bob Evans recently reported on the explosive demand for AI services — and how this demand has led to four companies spending a combined billion dollars a day on capital expenditure in Q2.

01:29 — Currently, Google Cloud holds the second position in the Cloud Wars Top 10. However, more deals like this — especially those that mean potential losses for Microsoft — could soon elevate Google Cloud to the top spot.

Visit Cloud Wars for more.

  continue reading

529 episodes

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