Meta Platforms is forming a new business unit called Meta Compute to sell excess artificial intelligence computing power. The initiative offers access to AI models and raw computing infrastructure. This move establishes Meta as a direct competitor to Amazon Web Services, Microsoft Azure, and Google Cloud.
Bloomberg first reported the strategic shift intended to monetize Meta’s massive AI infrastructure investment. CEO Mark Zuckerberg previously informed shareholders in May that selling excess compute was a viable option. The new revenue stream targets both established cloud leaders and specialized AI firms.
Meta shares jumped over 6% in pre-market trading following the announcement. Amazon shares turned negative in response to the potential competition. Specialized AI cloud provider CoreWeave saw its stock decline by more than 5%.