business
Meta building cloud business to sell excess AI capacity, Bloomberg News reports
Key takeaways
- The move could reduce Meta's reliance on advertising revenue and help it take on major cloud companies, including Amazon, Microsoft and Alphabet.
- Shares of the company were up nearly 6% in premarket trading.
- Meta did not immediately respond to a request for comment.
Meta building cloud business to sell excess AI capacity, Bloomberg News reports People walk behind a logo of Meta Platforms company, during a conference in Mumbai, · Reuters Reuters Wed, July 1, 2026 at 7:52 PM GMT+7 1 min read META July 1 (Reuters) - Meta Platforms is building a cloud business to sell excess AI computing capacity, Bloomberg News reported on Wednesday citing people familiar with the matter.
The move could reduce Meta's reliance on advertising revenue and help it take on major cloud companies, including Amazon, Microsoft and Alphabet.
Shares of the company were up nearly 6% in premarket trading.
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