Meta Shares Rise as Zuckerberg Unveils New AI Revenue Strategy

Meta Platforms Inc. shares rose after the company outlined potential new revenue streams aimed at helping offset its substantial investment in artificial intelligence infrastructure, Daniel Howley reported for Yahoo Finance.

Meta CEO Mark Zuckerberg has discussed the company's expanding AI infrastructure strategy and future computing services. (Photo: Mark Zuckerberg Facebook)

The social media company's stock gained more than 5 percent in midday trading, turning positive for the year after previously declining amid concerns over rising capital expenditures and the returns on its aggressive AI investments.

In an interview with Bloomberg, Chief Executive Officer Mark Zuckerberg said Meta is exploring ways to rent out its AI computing infrastructure to third parties.

Although Zuckerberg did not specify how the service would be structured, Meta could either host AI models developed by other companies—similar to Amazon Web Services (AWS)—or lease access to its AI chips and data center capacity in a manner similar to emerging cloud-computing providers.

Meta also announced on Wednesday that it plans to build a new data center in Canada, which will become the company's 33rd data center worldwide.