Meta Platforms (META) may eventually turn part of its massive AI infrastructure buildout into a cloud business, according to CEO Mark Zuckerberg. In an interview with Bloomberg, Zuckerberg said Meta still needs all the computing power it can get for its own AI products, but outside demand is “so high” that renting some compute to other companies “may make sense, in certain cases.”TipRanks Welcomes a New ETF – NYSE:RANK TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies.
The idea is simple. AI companies need huge amounts of computing power to train and run models, and there is not enough supply to meet demand. Because of that, companies with large data center networks and advanced chips can potentially charge high prices for access. Zuckerberg said that Meta is receiving attractive offers for compute and will evaluate whether some deals are worth pursuing.
It was previously reported that Meta is exploring several types of cloud businesses. One option would be similar to Amazon’s (AMZN) AWS Bedrock, where developers pay to access AI models hosted on Meta’s infrastructure. In Meta’s case, that could include its own Muse Spark models. Another option would be selling raw computing capacity, more like CoreWeave (CRWV), where customers rent access to powerful AI infrastructure directly.
