Meta weighs AI cloud business to sell excess compute capacity
Meta Platforms is developing plans for a cloud infrastructure business that would sell access to AI computing power and models, Bloomberg reported, citing people familiar with the matter.
CNBC later reported that Meta plans to sell excess computing power to outside customers.
The business would compete with Amazon Web Services, Microsoft Azure, Google Cloud, and CoreWeave, which rent computing power, storage, software, and AI infrastructure to enterprise customers.
The reported plans overlap with full-service cloud providers such as AWS, Microsoft Azure, and Google Cloud, as well as neocloud firms such as CoreWeave and Nebius, which focus more directly on GPU capacity.
Meta has been investing in data centres, chips, and other infrastructure to support its artificial intelligence work. The company is now exploring whether excess computing capacity can be sold to external customers, according to people familiar with the plans.
Infrastructure spending
Meta has projected spending of as much as...
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