View: Meta’s cloud play will spice up Ambani-Adani rivalry
With Mark Zuckerberg promising to pour hundreds of billions of dollars into AI infrastructure, skeptics wondered how his social-media empire would ever monetize that expensive bet. We now have a plausible answer. Meta Platforms Inc. is turning a capital-expenditure drag into a new revenue source.
An internal initiative dubbed “Meta Compute” plans to lease out excess capacity to enterprise clients, Bloomberg News reported last week, citing people familiar with the matter.
