{"id":1018366,"date":"2026-07-02T08:54:31","date_gmt":"2026-07-02T03:24:31","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1018366"},"modified":"2026-07-02T08:54:31","modified_gmt":"2026-07-02T03:24:31","slug":"meta-platforms-surges-12-on-report-of-ai-cloud-service-plans-to-rival-amazon-microsoft","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/07\/02\/meta-platforms-surges-12-on-report-of-ai-cloud-service-plans-to-rival-amazon-microsoft\/","title":{"rendered":"Meta Platforms surges 12% on report of AI cloud service plans to rival Amazon, Microsoft"},"content":{"rendered":"<p>Shares of Meta Platforms surged nearly 12% in Wednesday&#8217;s trade, 1 July, climbing to $628 on the Nasdaq after a report said the social media giant is preparing to launch a cloud computing business that would sell AI computing power to external customers. The move could position Meta as a challenger to cloud leaders Amazon and Microsoft.<\/p>\n<p>According to a Bloomberg report published Wednesday, Meta is exploring new ways to monetise the massive AI infrastructure it has been building for its own products. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Meta Platforms surged nearly 12% in Wednesday&#8217;s trade, 1 July, climbing to $628 on the Nasdaq after a report said the social media giant is preparing to launch a cloud computing business that would sell AI computing power to external customers. The move could position Meta as a challenger to cloud leaders Amazon and Microsoft. According to a Bloomberg report published Wednesday, Meta is exploring new ways to monetise the massive AI infrastructure it has been building for its own products.<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-1018366","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1018366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1018366"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1018366\/revisions"}],"predecessor-version":[{"id":1018368,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1018366\/revisions\/1018368"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1018366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1018366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1018366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}