Mark Zuckerberg to Shareholders: We will take on Google, Amazon and Microsoft in Cloud business if we realise that we have …
Meta CEO Mark Zuckerberg has told the shareholders that the company could compete with Google, Amazon and Microsoft in cloud computing if its massive data center investments result in excess capacity. According to a report by CNBC, speaking at Meta’s annual shareholder meeting, Zuckerberg said, “It’s definitely on the table.” Meta has dramatically increased its capital expenditure guidance for AI development, raising its 2026 forecast to between $125 billion and $145 billion, up from $115–135 billion. Despite the better-than- expected first-quarter earnings, Meta shares fell 7% in April as investors worried about the scale of spending. However, Zuckerberg has reassured the shareholders that the company could monetize the unused compute power by renting it out, noting that outside firms regularly approach Meta to buy access. Zuckerberg’s message to the investors was clear that Meta sees its AI spending not as a risk, but as a potential gateway into one of the most lucrative technology sectors dominated by Amazon Web Services, Microsoft Azure, and Google Cloud.
