Meta is launching a cloud business to monetize its excess AI computing capacity, sparking a 9% stock surge. Meanwhile, Apple extends private cloud compute to Google Cloud for the first time, and major enterprises like Intesa Sanpaolo are moving digital infrastructure to regional cloud providers.
·Meta plans to sell AI computing power through a new cloud business using surplus capacity
·Meta stock jumped 9% on announcement of cloud business strategy
·Apple expands private cloud compute to Google Cloud infrastructure in major partnership shift
·Intesa Sanpaolo migrates digital infrastructure to Google Cloud regions hosted in Italian data centers
·Enterprise decisions hinge on choosing between cloud, on-premises, or hybrid AI deployment models
drawn from Bloomberg.com, Benzinga, ASUS Pressroom, PR Newswire · updated 2h ago