Meta Platforms is building a cloud business to sell excess artificial intelligence computing capacity in a move that could expand the company beyond advertising and into a market dominated by Amazon, Microsoft, and Alphabet.
The plans are still in development and could change, Reuters reported, based on people familiar with the matter.
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BREAKING: $META is up 8.6% in premarket after Bloomberg reported the company is building a cloud business to sell excess AI computing power.
Meta is developing two separate products: one that sells access to its AI models hosted on its own infrastructure, similar to AWS Bedrock,… pic.twitter.com/e5fabD4rW6— Bull Theory (@BullTheoryio) July 1, 2026
The grand design gathers pace
The offering would let developers access AI models hosted on Meta’s infrastructure and pay for the computing power needed to run them.
The model would resemble Amazon Web Services’ Bedrock, which allows developers to access models from different companies. The report also said Meta is considering selling raw AI computing capacity in a manner similar to cloud providers.
Fierce Network reported that the effort is linked to Meta Compute, an initiative launched in January that is intended to build tens of gigawatts of compute capacity this decade and hundreds more over time.
The City wastes no time
The market reacted sharply. Meta shares rose more than 10%, easing pressure on a stock that had underperformed the S&P 500 this year, while CoreWeave and Nebius fell 10.8% and 12.4%, respectively, on concerns the shift could reduce Meta’s spending on their services and intensify competition.
The move could also help Meta tap growing demand for AI services from businesses while reducing its reliance on the advertising market.
$META is reportedly developing a cloud business to sell access to excess AI compute, per Bloomberg.
The internal initiative is called Meta Compute.
The plans being considered:
AI model access hosted on Meta infrastructure, similar to AWS Bedrock
Raw AI compute capacity,… pic.twitter.com/X2LzlT1DdQ— Wall St Engine (@wallstengine) July 1, 2026
The pieces have been falling into place
At Meta’s shareholder meeting in May, chief executive Mark Zuckerberg said cloud computing was “definitely on the table” and said firms were approaching Meta “almost every week” to buy access to its AI models or spare computing power.
The company has been spending heavily on AI infrastructure. Meta is projected to spend as much as $145 billion on AI infrastructure this year as part of a broader Big Tech outlay that exceeds $700 billion.
Meta unveiled Muse Spark in April, its first AI model from a costly team, though it has not yet been released to developers.
The final act remains unwritten
Meta declined to comment, Reuters said, and the plan remains unfinalized.
Even so, the development points to a wider question facing large AI investors: how to turn enormous infrastructure spending into a business line that earns back some of the cost.
For Meta, that would mean trying to monetize spare capacity while it continues to build out the compute base behind its own AI products and models.
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FAQs
Q1: Is Meta launching a cloud business for AI computing?
Ans: According to Bloomberg, Meta is developing a cloud business that would allow customers to access excess AI computing capacity, though the plans are still under development.
Q2: Why did Meta’s cloud business report affect CoreWeave and Nebius shares?
Ans: Investors viewed the reported move as a potential increase in competition and a sign Meta could rely less on external AI cloud providers.
