Meta is shifting its surplus AI computing resources into a cloud service...

Meta is shifting its surplus AI computing resources into a cloud service offering after its shares rose by over 10%. Having developed substantial AI infrastructure for its products and services, Meta now faces the challenge of maximizing these assets. The company plans to allow developers to access its AI models directly, hosted in Meta’s own data centers. This approach resembles services like AWS Bedrock, enabling customers to use advanced AI without overseeing the underlying hardware. Meta is also considering offering raw computational power, which would put it in direct competition with providers such as CoreWeave and Nebius. Following reports of Meta’s cloud move, shares of CoreWeave and Nebius experienced notable declines. 📰 @aipost