Meta Plans Cloud Business to Monetize Excess AI Compute Capacity
Meta is developing a new cloud offering to monetize its massive AI infrastructure, selling GPUs, servers, and Llama models to external customers.
Meta is developing a new cloud offering to monetize its massive AI infrastructure, selling GPUs, servers, and Llama models to external customers.
Allbirds has officially become Smartbird. The former footwear company sold its shoe brand, appointed AI veteran Nadia Carlsten as CEO, and is now an AI infrastructure provider.
Charter (CHTR), Cognizant (CTSH), Insmed (INSM), Verisk (VRSK) and Zscaler (ZS) will be removed from the Nasdaq-100 Index effective June 22, 2026.
With major customers like Revolut and Prima Mente already using the platform, the expansion boosts British AI innovation and enterprise capabilities.
Nebius stock surged after Leopold Aschenbrenner’s Situational Awareness fund disclosed a 5.6% stake worth $2.6 billion, betting on AI infrastructure growth and a data center boom.
Nebius signed a $2.6B deal with Bloom Energy to power AI data centers with clean, reliable energy, securing long-term growth.