Meta plans cloud infrastructure business to compete with AWS, Azure, Google Cloud

AWS is offering to help enterprises address the growing cost of retaining telemetry for talkative AI applications with a new engine for its managed Amazon OpenSearch Service optimized for log analytics, which it claims can reduce storage costs by 70% and at the same time deliver better price-performance. AI and agentic applications are generating more telemetry than conventional observability architectures were built to manage economically, forcing enterprises to balance retaining the operational data needed for security, compliance and incident response against rising related infrastructure costs. The new engine will allow customers to continue using the same management console, APIs, security model and networking configuration as the service’s existing general-purpose engine, while storing data in Apache Parquet format and maintaining Lucene search indexes for searchable fields, AWS said. It uses Apache Calcite to parse and optimize queries before routing analytical operations to Apa

Meta's cloud move could signal a trend where hyperscalers monetize excess capacity, potentially shrinking the neocloud market's scope. The post Nebius, CoreWeave, and IREN shares tumble on Meta’s cloud ambitions appeared first on Crypto Briefing.

Amazon Web Services has launched a dedicated internal organization of forward-deployed AI engineers, committing $1 billion in internal resources to help enterprise customers move beyond AI experimentation and into operational deployment. The new group will embed AWS engineers directly within client organizations to build and install purpose-built agentic systems, with an emphasis on speed and […]

Anthropic's Mythos 5 and Fable 5 are back online Wednesday after the company said it had productive conversations with the US government. Kevin Warsh makes his first public appearance as Federal Reserve chairman. And shares of Meta rise after news that the company is building out a new cloud business.

Meta's cloud venture could reshape AI infrastructure dynamics, challenging existing providers and diversifying revenue beyond advertising. The post Meta builds cloud business to sell excess AI capacity appeared first on Crypto Briefing.

Meta chief executive Mark Zuckerberg approached prediction-market leader Kalshi about a takeover before ordering his own team to build a competing app, according to a new report. How a buy-then-build turned into a contested market NPR reported Monday that Zuckerberg met Kalshi co-founder and CEO Tarek Mansour last year to discuss buying the exchange as […]

Meta's appointment of a Chief Data Officer highlights the growing importance of data governance amid complex global privacy regulations. The post Meta appoints Alex Schultz as first chief data officer appeared first on Crypto Briefing.

Meta shares rose more than 10% as the company developed plans to sell AI models and computing capacity through a new cloud infrastructure business. The post Meta shares jump 10% on plans to sell AI computing power appeared first on Crypto Briefing.