Meta Plans Cloud Business to Take on Big Tech Rivals

Meta is planning a cloud infrastructure business that will sell AI computing power/model access. That’s according to a report Wednesday (July 1) by Bloomberg News, which says this move would put Meta in greater competition with cloud leaders such as Amazon Web Services, Google Cloud and Microsoft Azure. Already scrambling to secure the infrastructure for its own artificial intelligence (AI) projects, Meta is now forming a business to derive revenue from surplus computing power sold to outside cu