cloud competition

Why build AI data center in cornfield, Saudi Arabia has cheap oil, cheaper power

a month ago

Meta's stock rose 7% on plans to sell excess AI computing capacity, potentially competing with AWS, Azure, and Google Cloud.
Criticism centers on the high cost and community resistance to building AI data centers in the U.S., with Gulf nations like Saudi Arabia offering cheaper, sovereign wealth-backed alternatives.
Skepticism exists about Meta's fit in the cloud market, as shifting from billions of social users to few data center customers is seen as a difficult pivot with limited appeal.
Market optimism for Meta's new venture may underestimate the challenges of entering a competitive field, despite past attempts like Threads.