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The Meta store in Burlingame, California. Photographer: Benjamin Fanjoy/Bloomberg

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By Riley Griffin and Kurt Wagner

July 1, 2026 at 12:35 PM UTC

Updated on July 1, 2026 at 1:14 PM UTC

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Meta Platforms Inc. is developing plans for a cloud infrastructure business that will sell access to AI computing power and models, setting up a new vector of competition with industry leaders like Amazon Web Services, Microsoft Azure and Google Cloud.

Meta, which has been rushing to secure expensive data centers and other infrastructure to fuel its own artificial intelligence ambitions, is forming a business to generate revenue from excess computing power sold to outside customers, according to people familiar with the matter, who asked not to be named as the details aren’t public.

Read Original at Bloomberg.com