CEO Mark Zuckerberg signals potential monetization of excess AI data center capacity amid record capital expenditures.
Meta plans to explore renting out excess data center capacity to generate returns on its $125 billion to $145 billion 2025 capital expenditure budget. The move follows industrywide constraints on AI computing and could mirror lucrative deals like SpaceX’s partnerships with Anthropic and Google.
The company spent $72.2 billion on capital expenditures in 2024, primarily for AI infrastructure. Investors have grown cautious, with Meta’s stock sliding 4% over the past year due to concerns over mounting AI-related costs.
Entering the data center rental market would pit Meta against cloud giants Amazon, Microsoft, and Google, as well as smaller players like CoreWeave. Zuckerberg has not committed to the strategy but has hinted at it in recent investor calls.