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Meta cross-industry poaches AI computing power market, Nebius drops over 16%, CoreWeave falls more than 11%
On the news front, Meta is reportedly formulating a cloud infrastructure business plan aimed at selling AI computing power and model usage rights, thus entering new competition with industry leaders such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud.
According to insiders, Meta has been purchasing expensive data centers and other infrastructure to support its own artificial intelligence development. One potential plan includes selling usage rights to various AI models hosted on Meta's existing AI infrastructure, similar to AWS's Bedrock service. Meta will operate the data centers and chips supporting these models, including its self-developed Muse Spark model, and charge developers usage fees.