Zuckerberg confirms Meta is eyeing an AI cloud business to rent out its compute
SMRTR summary
Zuckerberg confirmed Meta is exploring a cloud business to rent out its AI computing power, calling the move logical given Meta's $100 billion-plus infrastructure spend. The plan would pit Meta against AWS, Microsoft, and Google in a market potentially worth $2 trillion by 2030, while threatening neocloud rivals CoreWeave and others, whose stocks dropped sharply on the news.
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