Meta Launches AI Cloud Business, Sending Shares Up 8%
Updated
Updated · CNBC · Jul 1
Meta Launches AI Cloud Business, Sending Shares Up 8%
3 articles · Updated · CNBC · Jul 1
Summary
Meta is building a cloud business to sell excess AI computing capacity to outside customers, extending an earlier report that had outlined the plan.
Up to $145 billion in 2026 capex helps explain the move: Meta is trying to monetize unused data-center and GPU capacity and ease investor concern over its AI spending.
Bloomberg reported Meta is still weighing whether to offer hosted AI models or sell raw compute, a choice that will shape how directly it competes in cloud infrastructure.
That push drops Meta into a market led by Amazon, Microsoft, Google and CoreWeave, where demand for AI compute has outstripped supply since ChatGPT's 2022 debut.
The launch also comes as Meta tries to sharpen its AI position after a $14 billion Scale AI deal and the April debut of Muse Spark under Alexandr Wang.