Meta Platforms is preparing to launch a cloud infrastructure business to sell excess AI computing power and models to outside customers, potentially boosting its stock. This move enters Meta into the competitive cloud market against giants like AWS, Google Cloud, and Microsoft Azure.
Meta is reportedly developing plans for a cloud infrastructure business, selling access to its AI compute power and models. This strategic shift, driven by billions invested in AI infrastructure and limited direct AI model revenue, would position Meta as a competitor to major cloud providers like AWS and Google Cloud.
A UN report highlights AI's potential to widen global inequality, urging a shared framework for responsible development. It notes uneven adoption, with the global South lagging behind the North, and warns of "authoritarian capture" due to AI concentration in a few firms and countries.
Amazon CEO Andy Jassy met with PM Narendra Modi, announcing an additional $13 billion investment in India's AI and cloud infrastructure by 2030. This brings Amazon's total planned investment to over $21 billion for 2026-2030, expanding AWS data centers and supporting startups with AI chips and cloud services.
Amazon announced an additional $13 billion investment in India's AI and cloud infrastructure, bringing its total commitment to $48 billion by 2030. These funds will expand AWS data centers in Mumbai and Hyderabad, aligning with India's digital growth priorities.
Alibaba Chairman Joe Tsai outlined the company's "all in" AI strategy at VivaTech in Paris, citing a potential $50 trillion market. He emphasized a "full-stack" investment approach across chips, cloud, models, and applications, believing it's too early to pinpoint AI's biggest profit centers.
Alibaba Cloud has launched its first data centers in France, expanding its European presence to meet growing demand and support data sovereignty initiatives. This move positions the company to offer AI services across the region.
Microsoft reportedly ended talks for a $3 billion cloud infrastructure deal with Oracle due to FedRAMP security concerns. Oracle disputes the claims, highlighting their partnership. The failed deal underscores the strain on computing resources amid the AI boom, with Microsoft seeking capacity elsewhere.
Alibaba's senior VP Liu Weiguang described AI as a new form of manufacturing at the Alibaba Cloud Summit, calling their operations "China's AI factory." The company also launched Qwen3.7-Max, a new LLM for AI agents.
Meta is reassigning over 7,000 employees to new AI-focused teams, including AI cloud infrastructure and an internal AI agent codenamed Hatch. This move, coupled with upcoming layoffs and controversial employee data monitoring for AI training, is causing significant discontent and organizing efforts among staff.
IREN Limited has closed a $3 billion convertible senior notes offering, raising $2.96 billion to fund its expansion into AI infrastructure. The capital will support recent major deals with Microsoft and Nvidia, marking a significant shift from its cryptocurrency mining roots.
General Motors has laid off over 600 IT employees, signaling a significant shift towards AI-focused hiring. The automaker is replacing traditional IT roles with specialists in AI development, data engineering, and cloud infrastructure. This strategic 'skills swap' aims to build AI systems internally, rather than just integrating AI tools, reflecting a broader industry trend.
As Bitcoin miner IREN shifts toward AI cloud infrastructure, leveraging a Microsoft deal and GPU expansion, analysts expect mining revenue to decline over time.
Amazon’s Chainlink integration lets enterprises connect cloud infrastructure with blockchain networks through familiar AWS tools.
EU officials are scrambling to secure systems after cyberattacks targeted EU phones and infrastructure. The European Commission has blamed a major cybercrime group for a cloud infrastructure breach in which hackers stole and leaked personal data.
