With Mark Zuckerberg promising to pour hundreds of billions of dollars into AI infrastructure, skeptics wondered how his social-media empire would ever monetize that expensive bet. We now have a plausible answer. Meta Platforms Inc. is turning a capital-expenditure drag into a new revenue source.
An internal initiative dubbed “Meta Compute” plans to lease out excess capacity to enterprise clients, Bloomberg News reported last week, citing people familiar with the matter. It remains to be seen what kind of a dent it can make in the domination of the ruling trinity of Microsoft Corp., Alphabet Inc., and Amazon. com Inc. over the cloud business. But to see where some of the early tremors will be felt, look to India.
