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Meta Enters AI Cloud Race, Shocks CoreWeave | Raleigh News
Meta’s rumored move to rent out its unused AI computing power has sent shockwaves through CoreWeave, its biggest customer, triggering a steep stock drop. With Meta pouring $145 billion into data centers and GPUs, the social media giant may soon compete directly with CoreWeave, which holds a $35 billion contract. Despite the threat, CoreWeave remains confident, citing its exclusive Nvidia GPU partnerships, proprietary software, and massive client backlog. While still operating at a loss and burdened by debt, analysts remain bullish, seeing huge upside as the AI infrastructure market explodes…
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