Has Mark Zuckerberg just stopped the world’s hottest trade in its tracks?Reports that Zuckerberg’s social media giant, Meta Platforms, is preparing to launch a business that will sell excess cloud computing capacity sent the stock up almost 9 per cent on Wednesday night, as investors rejoiced in the idea that such a move would help defray the extraordinary cost of Meta’s AI investments, or even lead Meta to pull back on capital expenditure.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Did Zuck just punch a hole in the AI bubble – and Firmus’ grand plans?
Having told us there wasn’t enough computing power in the world for the AI boom, Meta Platforms is suddenly looking at selling excess capacity.












