Meta building cloud business to sell excess AI computing capacity
Meta is building a cloud business to sell its excess AI computing capacity, Bloomberg News reported. The move would help the company monetize its huge data-center investments. It could pit Meta against established cloud providers.
Meta is developing a cloud business to rent out the unused portion of the vast infrastructure it built for artificial intelligence, Bloomberg News reported. The company has invested billions in data centers for years.
The report says the move could help Meta turn its heavy capital spending into revenue. Selling spare computing power to outside customers would give the company a new income stream beyond advertising.
The strategy could put Meta into indirect competition with established cloud providers such as Amazon, Microsoft and Google. The company has not officially commented, and the plan's scope and timing remain unclear.
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