Meta has entered a cloud computing agreement with Google valued at over $10 billion for six years, involving the use of Google's data center servers, storage, and networking services. This deal is among the largest in Google's 17-year cloud business history. Meta CEO Mark Zuckerberg is heavily investing in artificial intelligence, recruiting top researchers and increasing capital expenditures to $17 billion in the second quarter, primarily for AI infrastructure. Meta projects total capital spending between $66 billion and $72 billion for 2025. Despite strong financial results, analysts note Meta faces challenges in the competitive AI landscape. Zuckerberg has emphasized AI development as a transformative focus for the company through the decade, aiming to deliver AI capabilities to users worldwide. Alphabet's cloud unit is expected to generate $50 billion in revenue this year, highlighting the scale of the cloud market Meta is entering. (Updated 22 Aug 2025, 08:53 IST; source: link)