Cloud Is the Cash Engine Funding Big Techs $725bn AI Bill, and Meta Wants In

Image for article Cloud Is the Cash Engine Funding Big Techs $725bn AI Bill, and Meta Wants In
News Source : Adweek

News Summary

  • Second-quarter results from Alphabet, Microsoft, and Amazon show their cloud businesses are growing faster than almost anything else these companies do.
  • Meta doesn’t sell cloud computing currently, but it has started talking about it.
  • CEO Mark Zuckerberg told analysts in its latest earnings call that the company has fielded offers at a “meaningful premium over what we paid for the compute” from businesses hoping to rent Meta’s AI infrastructure.
  • This comes as the current combined bill for all four companies’ AI capital expenditure is a whopping $725 billion.
Secondquarter results from Alphabet, Microsoft, and Amazon show their cloud businesses are growing faster than almost anything else these companies do. And Meta wants to follow that playbook.

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