Meta aims to monetize excess data center capacity by entering the cloud services market, competing with AWS and Azure.
Meta (META) is reportedly planning to launch a cloud computing business to sell excess data center capacity to third-party customers. The move seeks to create new revenue streams amid heavy AI infrastructure spending, according to reports.
The company has previously hinted at exploring cloud services, with CEO Mark Zuckerberg noting external demand for compute resources. Meta could host AI models and charge developers for access, similar to rivals like Amazon (AMZN) and Microsoft (MSFT).
Shares rose over 7% following the news, reflecting investor optimism about the potential diversification. The initiative aligns with Meta’s strategy to leverage its infrastructure investments beyond internal use.