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Meta stock jumped more than 7% Tuesday on a Bloomberg report that the company is building a new business to sell excess AI computing capacity to outside customers—a move that would put it in competition with AWS, Microsoft Azure, and Google Cloud. But Mark Douglas, president and CEO of connected-TV ad platform MNTN and a regular commentator on tech and media strategy, thinks the more interesting story isn’t Meta at all.
Douglas’s critique wasn’t about Meta’s strategy. It was about the economics of building AI infrastructure in the U.S. at all, a dynamic he thinks investors are underpricing.
“I think data center capacity in the United States is not going to age well,” he told Fortune. “It’s one of the most expensive places to build out that kind of capacity, and a lot of communities don’t want it. I think literally two years from now, those data centers are not going to be very attractive.”
The competition, in his view, is coming from an unexpected direction:
English (US) ·