Meta plans cloud infrastructure business to compete with AWS, Azure, Google Cloud

Amazon Web Services has launched a dedicated internal organization of forward-deployed AI engineers, committing $1 billion in internal resources to help enterprise customers move beyond AI experimentation and into operational deployment. The new group will embed AWS engineers directly within client organizations to build and install purpose-built agentic systems, with an emphasis on speed and […]

Anthropic's Mythos 5 and Fable 5 are back online Wednesday after the company said it had productive conversations with the US government. Kevin Warsh makes his first public appearance as Federal Reserve chairman. And shares of Meta rise after news that the company is building out a new cloud business.

Meta's cloud venture could reshape AI infrastructure dynamics, challenging existing providers and diversifying revenue beyond advertising. The post Meta builds cloud business to sell excess AI capacity appeared first on Crypto Briefing.

Meta chief executive Mark Zuckerberg approached prediction-market leader Kalshi about a takeover before ordering his own team to build a competing app, according to a new report. How a buy-then-build turned into a contested market NPR reported Monday that Zuckerberg met Kalshi co-founder and CEO Tarek Mansour last year to discuss buying the exchange as […]

Meta's appointment of a Chief Data Officer highlights the growing importance of data governance amid complex global privacy regulations. The post Meta appoints Alex Schultz as first chief data officer appeared first on Crypto Briefing.

Meta shares rose more than 10% as the company developed plans to sell AI models and computing capacity through a new cloud infrastructure business. The post Meta shares jump 10% on plans to sell AI computing power appeared first on Crypto Briefing.

Meta's capex cuts in the metaverse signal a strategic pivot towards AI, potentially reshaping its financial landscape and investor confidence. The post Meta shares open 8% higher as company plans capex cuts appeared first on Crypto Briefing.

Meta's shift from metaverse to AI investment highlights evolving tech priorities, impacting infrastructure demands and investor sentiment. The post Meta shares rise 6% in premarket trading as Reality Labs gets the budget axe appeared first on Crypto Briefing.