Internet/e-Commerce: Big news day: Meta’s Cloud plans & OpenAI inference cost improvement

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Internet/e-Commerce: Big news day: Meta’s Cloud plans & OpenAI inference cost improvement

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Internet/e-Commerce

Big news day: Meta’s Cloud plans &

OpenAI inference cost improvement

Industry Overview

Meta building a Cloud business to sell excess AI compute 01 July 2026

Bloomberg reported that Meta is developing plans to launch a cloud infrastructure Equity

business to sell access to AI computing power and models, creating a potential new United States

business line (Meta’s CEO has also recently indicated a potential enterprise opportunity). Justin Post

According to the report, one potential plan includes selling access to various AI models Research Analyst

hosted on Meta’s existing AI infrastructure, an approach similar to AWS’s Bedrock BofAS+1 415 676 3547

offering. Under this approach, Meta would operate the data centers and chips powering justin.post@bofa.com

the models, including its Muse Spark models, and charge developers for access. Meta is Nitin Bansal, CFA

also evaluating selling access to raw computing capacity, akin to other neo cloud ResearchBofAS Analyst

businesses like CoreWeave, etc. The effort is part of Meta Compute, an internal initiative +1 415 676 3551

nbansal7@bofa.com

focused on building and managing the company’s AI infrastructure. Reacting to the

news, Meta stock was up ~10% (vs S&P 500 up 0.25%). Our Take: The Cloud business

opportunity can help underscore the potential value of Meta’s capacity assets and model

development, helping address investor concerns on lack of ROI potential on elevated

infrastructure spending. (Meta’s CEO has indicated that it has opportunities to sell capacity AR: Augmented Glasses