Meta could look to enter the cloud computing game and compete with hyperscalers such as Amazon Web Services, Microsoft Azure, and Google Cloud.
As reported by CNBC, CEO Mark Zuckerberg revealed that the company was open to moving toward a cloud computing offering during the company's annual shareholder meeting, saying that "it's definitely on the table."
– Meta
He added that the company is seeing interest "almost every week" from companies asking if they can "stand up an API service or asking if we have compute that they could buy from us at some premium to what we've bought it at."
While Meta does not currently offer cloud computing services, its capex on increasing compute capacity has been on par with the largest cloud companies. During its latest earnings call, Meta CFO Susan Li revealed the company was upping its capex expectations for the year to the realm of $120 billion to $135bn, which she said "reflects our expectations for higher component pricing this year and, to a lesser extent, additional data center costs to support future-year capacity."
