Meta Enters Cloud Market

Meta is planning to launch a cloud infrastructure business, selling access to AI compute power and models, which would put it in competition with major cloud providers like Amazon and Google. This move could help Meta generate revenue from its massive investment in AI infrastructure, which has yet to yield significant returns from its own AI models and services. By selling excess compute power, Meta can capitalize on its existing infrastructure and potentially create a new revenue stream. Why it matters: this development signals a shift in the AI landscape, where ownership of data centers may become a key factor in determining the winners of the AI race.