Meta Plans to Compete with Amazon, Google, and Microsoft in Cloud Infrastructure Business

Meta is preparing to enter the cloud infrastructure market by offering access to computing power and artificial intelligence models, according to a Bloomberg report. This move will place Meta in direct competition with major cloud providers such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud. The initiative, called "Meta Compute," includes two potential approaches: selling access to various AI models on Meta's existing infrastructure, similar to Amazon's Bedrock service, or providing raw computing power to other companies, akin to services offered by providers like CoreWeave.

Meta has invested hundreds of billions of dollars in data centers and expensive chips to develop AI technologies, making this a top priority. Launching a cloud service for external companies aims to generate revenue and returns on these massive investments, Bloomberg noted. The AI cloud computing market currently generates tens of billions of dollars quarterly. For example, Elon Musk's SpaceX rents out access to its large data centers to companies like Anthropic.

The plans remain in development and may evolve. Following the news, Meta's stock surged over 9%. Meta declined to comment on the Bloomberg report. The project is led by Meta's Head of Infrastructure Santosh Janardhan, AI unit leader Daniel Gross of Meta Superintelligence Labs, and Meta President Dina Powell McCormick.

Previously, CEO Mark Zuckerberg expressed openness to selling excess computing infrastructure or API services, noting frequent external inquiries from companies interested in purchasing computing resources at a premium. Zuckerberg emphasized the industry's limitations in computing capacity and Meta's goal to accumulate as much as possible to control future usage.