Mark Zuckerberg says a Meta cloud computing business 'definitely on the table'
Meta CEO Mark Zuckerberg indicated that the company may consider entering the cloud computing market if it experiences excess capacity in its data centers. He mentioned that other companies have shown interest in purchasing computing resources from Meta. Additionally, Meta is testing subscription services for its AI app, marking a shift towards monetizing its AI features.
- ▪Zuckerberg stated that entering the cloud computing market is 'definitely on the table' for Meta.
- ▪Meta is currently the only major U.S. tech company without a cloud infrastructure and services business.
- ▪The company plans to test monthly subscription services for its AI app, with prices ranging from $7.99 to $19.99.
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Meta CEO Mark Zuckerberg said his company could enter the cloud computing market if it overspends on data centers and ends up with excess capacity. "it's definitely on the table," Zuckerberg said on Wednesday at Meta's annual shareholder meeting, in response to a question about potentially competing with Amazon and Microsoft in cloud computing. Zuckerberg reiterated comments made on an earnings call last year, noting that "almost every week there are different companies that come to us from outside asking us to both stand up an API service or asking if we have compute that they could buy from us at some premium to what we've bought it at." Of the four giant hyperscalers in the U.S. Meta is the only one that doesn't have a cloud infrastructure and services business.
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