Bloomberg said Meta is developing Meta Compute to rent excess AI capacity and hosted model access, a potential challenge to CoreWeave, Nebius and major cloud providers including AWS, Azure and Google Cloud.
Meta Platforms shares rose 8.8% to $613.34 on Wednesday after Bloomberg reported the company is developing an internal cloud initiative called Meta Compute that could sell excess AI computing capacity and hosted access to its AI models. The proposed move would turn infrastructure Meta has largely used internally into a potential new revenue stream and a major strategic shift. The report pressured AI infrastructure stocks, with CoreWeave falling 14% and Nebius dropping 17% as investors reassessed competition in the market for AI computing services. Meta has existing ties to both companies, including an expanded CoreWeave partnership through 2032 and a long-term Nebius infrastructure agreement starting in 2027. If launched as described, Meta Compute could also put Meta in more direct competition with Amazon Web Services, Microsoft Azure and Google Cloud. Bloomberg said the service may include usage-based leasing of raw compute and API access to hosted AI models such as the closed-weight Muse Spark. Analysts said the plan may indicate Meta has built more AI infrastructure than it currently needs and is looking to monetize spare capacity as it ramps heavy data-center spending.