Meta Platforms is building a cloud computing business. The company that spent the last few years pouring money into AI infrastructure apparently looked at all that computing power and thought, “Why not rent it out?”
The initiative, called Meta Compute, would let third-party customers tap into Meta’s excess AI computing capacity and hosted AI models. Meta shares jumped roughly 8-9% on the news.
What Meta Compute actually looks like
Meta Compute isn’t just about selling raw server time. The offering is expected to include both computing power and access to advanced AI models, including Muse Spark, a service compared to Amazon’s Bedrock platform.
The effort is being led by a trio of executives: Santosh Janardhan, who heads Meta’s infrastructure; Daniel Gross from Meta Superintelligence Labs; and president Dina Powell McCormick.
