Zuckerberg denies Meta has excess computing power and says developing cloud business has commercial potential
[Zuckerberg denies that Meta has excess computing power and says that developing cloud business has commercial potential] On July 9, local time, Meta CEO Mark Zuckerberg said that Meta needs as much computing power resources as possible. However, with the computing power required for AI development and operation in short supply, he is also thinking about whether leasing part of the AI infrastructure to external customers can create more value. Zuckerberg said in an interview: "The current market price for computing power is very high. In some cases, rather than keeping it for internal use, it may be more cost-effective to rent it out or consider similar transactions."
On July 9, local time, Meta CEO Mark Zuckerberg said that Meta needs as much computing power resources as possible. However, with the computing power required for AI development and operation in short supply, he is also thinking about whether leasing part of the AI infrastructure to external customers can create more value. Zuckerberg said in an interview: "The current market price for computing power is very high. In some cases, rather than keeping it for internal use, it may be more cost-effective to rent it out or consider similar transactions." Previously, it was reported that Meta was planning to launch a cloud computing business, hoping to use the company's data center and other computing partners to directly create revenue. Zuckerberg said the opportunity to grow the cloud business "is always there, anytime we want to do it." However, he emphasized that this does not mean that Meta has been overbuilt or has idle computing power. “I don’t know anyone in the industry who feels like they have too much computing power,” Zuckerberg said, adding that Meta is currently using all the computing power on hand. (