Meta just decided it wants to be a cloud company. The social media giant is building out a cloud infrastructure business to sell AI computing power to external clients, putting it on a collision course with Amazon Web Services, Microsoft Azure, and Google Cloud, the trio that has dominated this market for over a decade.
The move, reported on July 1, 2026, sent Meta’s stock surging approximately 9-10%.
What Meta is actually selling
The offering has two main components. First, Meta plans to provide API access to its AI products, including the Muse Spark model that launched in April 2026. Second, Meta will offer raw GPU rentals, allowing developers and companies to use Meta’s computing hardware to run their own AI workloads, similar to what neocloud providers like CoreWeave already do.
Meta finalized a deal in June 2026 with Crusoe Energy for 1.6 gigawatts of AI compute capacity spread across Texas and Missouri.
