Zuckerberg to shareholders: Will take on Google, Amazon and Microsoft in Cloud business

Meta's CEO revealed plans to potentially enter the cloud computing market, leveraging massive AI infrastructure investments for excess capacity. The company is significantly boosting AI spending, aiming to monetize unused compute power by renting it out. This strategic move, alongside testing subscription plans for its AI services, signals Meta's ambition to tap into lucrative tech sectors.

By TOI TECH DESK