Meta shares jump 10% on plans to sell AI computing power
Covered by 3 sources · 3 articles
3 outlets - including Cryptopolitan, Tronweekly and Cryptobriefing - are covering this story. On July 1, shares of Meta jumped 8.81% to finish at an all-time high of $796.25 after the release of the news about the company’s plans to use its surplus AI computing power in its data centers for commercial purposes. This increase helped…
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Meta shares jump over 8% on plans to sell AI compute, shaking up the cloud market
On July 1, shares of Meta jumped 8.81% to finish at an all-time high of $796.25 after the release of the news about the company’s plans to use its surplus AI computing power in its data centers for commercial purposes. This increase helped…
Meta Shares Jump 7% as AI Cloud Expansion Plans Emerge
Meta Platforms is reportedly entering the AI cloud infrastructure market, positioning itself to compete with AWS, Microsoft Azure, and Google Cloud. The move follows rising demand for AI computing power, with investors reacting positively a…
Meta shares jump 10% on plans to sell AI computing power
Meta shares rose more than 10% as the company developed plans to sell AI models and computing capacity through a new cloud infrastructure business.