Meta Platforms is developing plans to build a cloud infrastructure business that would sell access to AI computing power and models. It would take on industry leaders like Amazon Web Services, Microsoft Azure and Google Cloud. Mandeep Singh of Bloomberg Intelligence has details.
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" excess compute` ?? – hahahahha, too many data centers?
META to $1000. All Idiots commenting negatively below I dare you guys to buy puts on META
GENERATIONAL BUY FOLKS…………MSFT has open AI exposure at 27% gonna be huge…….Mistral AI, G42 (Abu Dhabi), Wayve, Activision Blizzard, (World of Warcraft, Candy Crush, COD franchise) LinkedIn, Github, Nuance communications
Taking on AWS – good luck with that Zuck
There stock should certainly go up. $15B of unexpected ARR!!! /s
Case of papering over the cracks. Just trying to buy time and hoping something happens.
Meta's only business model is selling people's attention and useless to society.
Zuck obviously had no plan and probably still doesn't. After his Metaverse screw up, he's trying to make up ground, but he's clearly desperate and desperate men make mistakes.
So Metaverse failed, then their AI models failed, now they're pivoting again to take on AWS, Google Cloud, and Azure. Ha. Another failure coming for Zuck.
META is making the correct choice. It bought ORCL’s AI data center in Abilene, TX & will upgrade it to newer NVDA & AMD GPUs. Much less expensive than renting compute from MSFT, GOOG, & AMZN.