Meta Platforms & Microsoft — Microsoft Azure

Meta Platforms: Meta Platforms is developing a new cloud business to sell its excess AI computing capacity and hosted AI models, aiming to diversify revenue beyond advertising and monetize its significant AI infrastructure investments. This move is expected to boost its stock price and market position.

Microsoft — Microsoft Azure: Microsoft — Microsoft Azure, a cloud service from Microsoft, will face increased competition from Meta Platforms' new cloud business, which aims to offer similar AI computing and model access services.