Meta has signed a cloud computing deal with Google worth more than$10 billion, marking one of the most significant agreements in the industry.

The six-year partnership will see Meta use Google Cloud's servers, storage, networking and other services to power its massive AI projects.

The deal comes as Meta accelerates its AI infrastructure spending, with CEO Mark Zuckerberg pledging hundreds of billions of dollars for new data centres.

Last month, Meta raised its capital expenditure forecast to$72 billion and disclosed plans to offload$2 billion in data centre assets to outside partners.

The partnership highlights a growing trend of rival technology giants collaborating on AI infrastructure. Just weeks earlier, OpenAI struck a similar deal to use Google Cloud services despite being a competitor in the AI field.

These agreements have boosted Google Cloud's performance, which saw a 32% jump in second-quarter revenue in July, surpassing market expectations.