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Meta Is Quietly Building a Business to Sell Its Leftover AI Computing Power

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Meta Is Quietly Building a Business to Sell Its Leftover AI Computing Power

Bloomberg reports Meta is building a cloud business called Meta Compute to sell excess AI computing capacity, sending its stock up 8 percent. The move would put Meta in direct competition with AWS, Azure, Google Cloud and neoclouds like CoreWeave, a company it currently buys compute from.

Janet Harrison

4 min read

56 views

Twelve Labs raises $100 million as Amazon bets its Trainium chips on video AI

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Twelve Labs raises $100 million as Amazon bets its Trainium chips on video AI

Oracle Just Handed Wall Street Its Best Case Against the AI Spending Boom

4 min read · 103 views

Oracle Just Handed Wall Street Its Best Case Against the AI Spending Boom

Anthropic Gets Its Most Powerful AI Models Back After an 18-Day Fight With Washington

4 min read · 117 views

Anthropic Gets Its Most Powerful AI Models Back After an 18-Day Fight With Washington

Tech and Finance Are Cutting Jobs by the Thousands as AI Spending Climbs

3 min read · 115 views

Tech and Finance Are Cutting Jobs by the Thousands as AI Spending Climbs

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