Google Cloud has entered into a $10 billion cybersecurity agreement with Palo Alto Networks, marking the largest deal in its history. This partnership focuses on migrating services to Google's platform and developing AI-driven security products. Following the announcement, Alphabet's stock saw an uptick. In addition to this deal, Google is collaborating with Meta on AI chip development using PyTorch, contributing to a 60% rise in its stock value this year. Analysts estimate the value of Google's AI chip technology could reach up to $900 billion. Despite these advancements, potential EU fines for Digital Markets Act violations and security breach risks remain significant concerns for cloud providers.