Mark Zuckerberg recently told investors that other companies are trying to buy Meta Platforms' (META) computing power at a markup — and that he intends to keep most of it anyway.
The subject came up on Meta's second-quarter earnings call on July 29, when an analyst asked how the company thinks about the offers it is fielding to sell compute while it is buying compute itself. The CEO started with the market condition. "The high-level observation is that there's just nowhere near enough compute for all the demand," he said. "That is why we see that basically we are getting a large number of offers for the compute that we have."
