Meta Platforms reportedly signed a more than $10 billion deal with Google Cloud, its first arrangement with the Alphabet unit as it seeks vast compute power for its AI ambitions.

The Information reportedly broke the news and secured confirmation from Google Cloud.

Bloomberg, Reuters and CNBC were among other outlets to flesh out the details, explaining the Meta deal covers a period of six years and is a fillip for Google Cloud as it competes with rivals Amazon Web Services (AWS) and Microsoft Azure.

Meta Platforms is on an aggressive AI drive, with bigwigs committing to pump billions into expanding its data centre capacity. The various news outlets stated this is the key focus of the company’s arrangement with Google Cloud.

Bloomberg noted a previous collaboration between the companies offered access to Meta Platforms’ Llama AI model on Google Cloud developer platform Vertex AI, but all the outlets stated the latest deal is the first between the pair covering cloud computing.

Reuters highlighted Meta Platforms initiated a move to sell a fraction more than $2 billion-worth of land and property late last month to contribute to its AI-related costs.