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Meta Eyes AI Cloud Expansion | Business and Finance News
Description
Meta’s rumored foray into cloud computing is sending shockwaves through the AI infrastructure market. With massive AI-driven server capacity already built for its own needs, the company may soon rent out computing power to businesses — a move that could rival Amazon Web Services. Stocks of cloud rivals like CoreWeave and Nebius dipped as investors brace for competition, while Meta’s shares rose on the speculation. Mark Zuckerberg hinted at the possibility months ago, and with demand for AI compute surging, Meta’s infrastructure could make it a formidable new player in the cloud race.
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