Meta Enters Cloud Business
In brief
- Meta is forming a cloud unit to sell its excess AI computing power to enterprise clients.
- This move puts Meta in competition with established cloud providers like AWS, Azure, and Google Cloud.
- The demand for AI compute resources is growing, with Meta investing $145 billion in infrastructure, and this new business could help generate returns beyond advertising.
- Meta will sell access to its compute infrastructure, and the company is weighing whether to lead with raw computing capacity or AI models.
- Next, Meta will start selling its cloud services to enterprise customers.
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