Business

Meta Expands Cloud Services Amid AI Compute Push

Updated 2026-07-01 14:40 UTC 1 source Positive

Meta is expanding its cloud services to sell excess AI compute power capacity, a move that could boost the company's infrastructure spending plans and reassure investors.

Coverage timeline — 2 articles

CNBC

Meta pops 8% as company makes cloud push to sell excess AI compute power capacity

The new business is a welcome signal for some investors who have been uneasy about the company's infrastructure spending plans.

2026-07-01 14:26 UTC

CNBC

Palantir's Karp bashes OpenAI, Anthropic token model: 'Something has gone completely wrong'

Karp says skyrocketing token costs are forcing companies to choose open weight models and prioritize efficiency over so-called tokenmaxxing

2026-07-01 14:29 UTC