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$10B

$10 billion — thats the minimum amount Meta will be spending to use Googles cloud service over the next six years.

As The Information first reported on Thursday, Meta signing a deal with Google Cloud is a big win for Alphabet as it aims to catch up with rivals Amazon Web Services and Microsoft Azure. In June, the tech giant also secured a deal with OpenAI, which had previously been dependent on Microsoft’s services.

According to sources familiar with the matter, the new agreement will mainly cover Metas artificial intelligence infrastructure. Though the company’s been pulling back on its headcount in AI, it’s still an area the company is investing heavily in, with total expenses expected to run between $114 billion and $118 billion in total this year, per its earnings report last month.

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Man's Brain Powerplant

The idiot’s guide to AI jargon

Don’t like politics at the Thanksgiving table? Here’s some performative AI jargon for you to weaponize so you can win the day.

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Ford dips as another large fire breaks out at the New York Novelis aluminum plant

Shares of US auto giant Ford are down more than 2% on Thursday morning following reports of another major fire at its primary aluminum supplier’s plant in Oswego County, New York.

Local media reported that a four-alarm fire broke out at the Novelis plant, which supplies 40% of the aluminum sheet for the US auto industry, on Thursday morning.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

Last month, Ford said a September fire at the plant would hit its earnings by between $1.5 billion and $2 billion in the fourth quarter. The company said it would be able to mitigate about $1 billion of that next year.

As of 10:15 a.m. ET, local officials said the fire is under control and everyone had been safely evacuated. Novelis previously said it would be able to restart operations at the part of the plant most damaged by the September fire next month.

Flying taxi Midnight on display at GITEX Global

Archer Aviation strikes deal to supply electric propulsion system to Anduril, bolstering its path to revenue

Archer Aviation announced its new agreement with Anduril after the market closed on Monday.

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