Meta is reportedly building its own cloud business

Selling server infrastructure would put Meta in competition with Amazon and Google. Meta could spin up its own cloud business to make use of the infrastructure investments it's made to train and run AI models, reports . The social media provider has traditionally paid for risky bets on smart glasses and virtual reality with the money it makes through its extensive online ad business. Selling cloud infrastructure would put Meta in direct competition with Amazon, Google and newly-minted cloud provider SpaceX. The cloud business could offer multiple services, according to the report, like selling access to AI models run on Meta's infrastructure, or leasing the computing power of its data centers to other companies looking to train AI.