Meta's Cloud Ambition Is the AWS Playbook, Replayed at AI Scale

The clean strategic parallel here is that Meta spent years mocked for its capex burn, and now that same sunk infrastructure could become its most defensible high-margin business, exactly how AWS rescued Amazon's balance sheet twenty years ago. If it works, Meta stops being purely an advertising company subsidizing a research lab and starts being an infrastructure landlord to the entire industry. The real test is whether Meta can sell trust to enterprises the way Amazon did, given its very different reputation.