![Mr. Zuckerberg has previously signaled that he would be open to selling excess computing power or launching a service that charges business customers for AI usage measured in tokens. [File]](https://th-i.thgim.com/public/incoming/hen11/article71172886.ece/alternates/LANDSCAPE_1200/2026-06-26T213138Z_1690902503_RC28DLA7XOGX_RTRMADP_3_META-PLATFORMS-APPS-PREDICTION-MAREKTS.JPG "Mr. Zuckerberg has previously signaled that he would be open to selling excess computing power or launching a service that charges business customers for AI usage measured in tokens. [File]")
Mr. Zuckerberg has previously signaled that he would be open to selling excess computing power or launching a service that charges business customers for AI usage measured in tokens. [File]
|Photo provided by: Reuters
Shares of Metaplatforms rose more than 6% on Wall Street on Wednesday after reports the social media giant was preparing to launch a cloud computing business to sell AI computing power to external customers.
The report, published by Bloomberg, said Meta plans to compete directly with Amazon Web Services, Microsoft Azure and Google Cloud by monetizing the excess computing power it has amassed as it races to develop artificial intelligence.
The company also plans to sell the AI models it designs to enterprise customers for their own use, a key emerging market for the cloud computing giant.
Meta has poured hundreds of billions of dollars into data centers and AI chips as it pursues what CEO Mark Zuckerberg calls “superintelligence,” spending that has fueled investor concerns about how the company will generate profits.
The company has large computing deals with CoreWeave, Google and Oracle, but its stock price has fallen in recent months on concerns about AI overspending.
Mr. Zuckerberg has previously signaled that he would be open to selling excess computing power or launching a service that would charge business customers for their AI usage measured in tokens.
“That’s definitely on the table,” Zuckerberg told shareholders during an earnings call in May.
SpaceX, which includes rival Elon Musk’s AI startup xAI, began leasing capacity from its Memphis data center to Anthropic and struck a deal with Google ahead of its IPO last month.
The move could generate tens of billions of dollars in revenue and help reassure investors at a time when spending on AI infrastructure is a concern and returns on investment are nowhere near the levels needed to break even.
In the race for leadership in the AI space, Meta lags behind Google, OpenAI, and Anthropic, with its models often lagging behind and disappointing.
Mr. Zuckerberg invested more than $14 billion in San Francisco-based startup Scale AI last year and hired then-28-year-old CEO Alexander Wang to run Meta’s in-house AI lab.
He also poached top talent from competitors.
issued – July 2, 2026 11:02 AM IST
