A reported plan to sell surplus computing power would put Meta up against AWS, Google Cloud and Azure, and give investors a reason to look past its spending.
Meta has spent two years buying every scrap of AI computing power it can lay hands on. Now it appears to be working out how to sell some of it back.
Bloomberg reported on Wednesday, citing people familiar with the matter, that the company is building a cloud business to offload excess AI capacity, and investors treated the news as a small relief after months of anxiety about how much Meta is spending and what it will get for it.
The plans are early and could still change, according to the report. What Meta is said to be weighing is the shape of the offering rather than whether to pursue it. One option is to sell access to AI models hosted on its own infrastructure, roughly the way Amazon’s Bedrock works.
The other is to sell raw computing capacity, the model that neocloud providers such as CoreWeave have built entire businesses on. Either path would put Meta head to head with Amazon Web Services, Google Cloud and Microsoft Azure, the three incumbents that dominate the market it would be entering.
