Meta Platforms developing 'Meta Compute' cloud business to offer external access to AI infrastructure

Meta Platforms (NASDAQ:META) is reportedly building out a cloud business, internally named 'Meta Compute,' to sell external access to its AI infrastructure. This initiative is expected to include three potential service tiers: hosted AI model access, raw compute capacity, and direct access to its Colossus clusters, marking a significant operational and strategic expansion for the company in the AI market.