Meta Is Reportedly Building Its Own Cloud Business

Meta is reportedly developing its own cloud business that could sell access to its AI models and lease data-center computing capacity to other companies. The move would put Meta in direct competition with Amazon, Google, and SpaceX. Engadget reports: The cloud business could offer multiple services, according to [Bloomberg], like selling access to AI models run on Meta's infrastructure, or leasing the computing power of its data centers to other companies looking to train AI. Offering something akin to Amazon Web Services could help make back some of what Meta has already spent on its new bet. As part of its AI plans, the company has committed to investing $600 billion in the US by 2028. Meta has also already made more than a few expensive hires to build its AI superintelligence team. Meta Compute, the data center and AI-focused initiative Meta created in January, is currently developing the new cloud business, according to Bloomberg.