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Meta Enters AI Computing Market, Nebius Drops Over 16%, CoreWeave Falls Over 11%
According to reports, Meta is developing a cloud infrastructure business plan aimed at selling AI computing power and access to models, thus entering into new competition with industry leaders such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud.
Insiders reveal that Meta has been acquiring expensive data centers and other infrastructure to support its own AI development. A potential plan includes selling access 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 that support these models, including its self-developed Muse Spark model, and charge developers usage fees.