Google lands deal with Palo Alto Networks worth US$10 Billion
The contract comprises a commitment by Palo Alto to pay a sum "approaching $10 billion" to Google Cloud over several years, according to the person with direct knowledge of the matter.
Executives at both companies declined to comment on the specific figures of the contract. Some of the spending will go into migrating Palo Alto's existing offerings to Google's platform, but a sizable portion will go into adding new services that involve artificial intelligence, Palo Alto president BJ Jenkins told Reuters.
"AI has spawned a tremendous amount of demand for security," said Matt Renner, chief revenue officer for Google Cloud.
But while some business functions like software development have been fundamentally altered by AI, cybersecurity remains in its nascency.
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