(Image credit: Getty / Bloomberg) Meta is building a cloud business to sell excess AI computing capacity, according to a Bloomberg report that cites people familiar with the matter. The company is reportedly weighing two service models: selling developers access to AI models hosted on its own infrastructure, including its closed-weight Muse Spark model, in an arrangement similar to Amazon Web Services' Bedrock, or selling raw computing capacity in the same way neocloud providers such as CoreWeave do. Go deeper with TH Premium: AI and data centers The initiative is reportedly dubbed Meta Compute and is led by head of infrastructure Santosh Janardhan, Meta Superintelligence Labs leader Daniel Gross, and president Dina Powell McCormick. Either path would put Meta in direct competition with AWS, Google Cloud, and Microsoft Azure. Judging by Wednesday's trading, though, the market thinks the hyperscalers aren’t the ones with the most to lose. Meta has been one of the neocloud sector's most important customers.…