"This is very bad for the AI bubble.

This is exactly what I feared. Meta is reportedly planning a cloud business to sell its excess AI capacity. The company has poured billions into its AI infrastructure, and until now, Meta has maintained that all of those investments and the resulting compute capacity would be used for internal purposes. But clearly now, something has changed. We thought that Meta was going to build their own AI products. Now they're saying, no, we're going to sell the compute to someone else for someone else to build their AI products. It doesn't seem like a great signal for the AI industry. It's a sign that Meta is walking away from its AI play."

Prof G Markets breaks down the news that’s moving the capital markets, helping you build financial literacy and security with Scott Galloway and Ed Elson.