Meta is developing a cloud infrastructure business to sell access to its AI compute power and models, entering competition with major cloud providers like Amazon Web Services, Google Cloud, and Microsoft Azure. This move follows similar plans by SpaceX's xAI and reflects a shift where owning data centers may be more valuable than just offering AI models. Meta has invested heavily in AI infrastructure, committing $182.9 billion in coming years, but has yet to generate significant revenue from its AI models. The new initiative, called Meta Compute, aims to monetize excess compute capacity and AI models, potentially boosting returns on Meta's massive AI investments.
Meta's shares rose 8% following news that the company is launching a new cloud business to sell its excess computing power to external customers. This move aims to help Meta recover some of the massive investments it has made in AI infrastructure, wh...
Meta Platforms is launching a new business selling its surplus AI computing capacity, a move that turns its heavy investment in AI infrastructure into a revenue source. This strategy positions Meta as a competitor to established cloud providers like ...
Despite the U.S. stock market reaching new highs, underlying risks are growing, particularly in technology stocks. A significant volatility gap, known as dispersion, is emerging where some tech stocks like AMD and Micron are soaring while others like...
The Fidelity Disruptive Communications ETF (FDCF) actively invests in companies pioneering changes in the communications sector, including social media, digital infrastructure, and connected devices. It focuses on firms building the physical and digi...
A federal judge denied Meta Platforms' motion to dismiss a lawsuit filed by 29 state attorneys general accusing the company of designing Facebook and Instagram to addict children and hiding the harm caused. The judge ruled that Meta violated the fede...
