Meta, like SpaceX, looks to turn excess AI compute into cash
Meta is developing plans for a cloud infrastructure business, selling access to AI compute power and models. The move would pit it against the big cloud providers like Amazon Web Services, Google Cloud, and Microsoft Azure.
Get smart on it
Meta is developing a cloud infrastructure business to sell access to its AI computing power and models, following a similar move by SpaceX weeks earlier. The company has invested billions in data centers for AI but hasn't generated significant revenue from its own AI models and services, making this a way to recoup some of its massive infrastructure spending. Some analysts suggest that the real winners in AI may be companies that own data centers rather than those providing the best models, though skeptics warn that the rush to build AI infrastructure could create a bubble dependent on depreciating chips.
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