Meta has signed a major cloud deal with Google, worth more than $10 billion.

First reported by The Information, the deal will see Meta using Google's cloud computing services and spans a six-year period.

Sources told The Information that the deal is mostly for AI infrastructure. Google did not respond to requests for comment.

Meta and Google have long been rivals in online ads. This is not the first time in recent months that Google has signed a cloud contract with a company that is partially in competition with it.

Google Cloud signed a contract with OpenAI in June of this year, enabling the AI company to use its compute resources, including Google's TPUs. Some of this is outsourced to CoreWeave.

News of the contract comes just one month after Meta CEO Mark Zuckerberg said that the social media company would invest "hundreds of billions of dollars into compute" for the company's effort to "build superintelligence."

In the latest earnings call, Meta said that it expects capex for the year to be between $66bn and $72bn and expects this to ramp up "significantly" in 2026.

Within this, the company is building out "multi-gigawatt clusters," the first of which is called Prometheus, and the second will be Hyperion. The company confirmed earlier this year that it was using tents to house temporary data center capacity as part of an effort to get more compute online faster.

Meta has reportedly secured financing for its data center buildout from Pimco and Blue Owl.

Both Google and Meta have posted strong results for the latest quarter. Revenue for Google Cloud in the quarter increased 32 percent to $13.6 billion. The unit's backlog further increased 18 percent sequentially in Q2 and 38 percent year over year, reaching $106 billion at the end of the quarter.

Meta, meanwhile, saw revenue growth of 22 percent, reaching $47.5bn for the quarter.