The company's proposed new business line could require costly capital outlays.
Like its hyperscaler peers, the social media juggernaut is sparing no expense to become a leader in artificial intelligence.
The news could indicate that Meta's capex growth may be nearing its end.
Opinion
1don MSNOpinion
Meta is reportedly building a cloud business to rival Amazon and Microsoft -- and a way to make its massive AI bet pay off
A reported plan to sell computing power takes direct aim at the market's biggest worry about this stock.
The artificial intelligence race has become a contest of infrastructure as much as software. Amazon (NASDAQ:AMZN | AMZN Price Prediction), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOG) have each ...
Social media giant Meta Platforms has been using artificial intelligence technology to carve out greater efficiencies and increase its competitive advantage. It's spending so much on AI, though, that ...
Meta Platforms (NASDAQ: META) may soon pose a new question to its shareholders. Shares of the social media giant fell roughly 6% on Friday, June 5, after a Financial Times report ...
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