Meta Platforms Inc (NASDAQ:META) is evaluating plans to launch a cloud infrastructure business to sell access to artificial intelligence computing power and model access, according to a Bloomberg report published on Wednesday.
The report follows statements from Meta’s annual shareholder meeting, where CEO Mark Zuckerberg indicated potential enterprise opportunities.
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In a research note released on Thursday, BofA Securities analyst Justin Post maintained a Buy rating and an $835 price forecast on Meta, noting that enterprise sales could provide greater visibility into the value of the company’s AI capacity.
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