Meta in Talks to Lease $10 Billion in Compute Power to AI Firm Anthropic, NYT Reports

Meta Platforms is in discussions to lease computing power to artificial intelligence firm Anthropic in a potential deal valued at as much as $10 billion over two years. The negotiations were first reported by The New York Times, citing three people with knowledge of the matter.

Reported Deal Structure

According to the report, Anthropic, the creator of the Claude AI models, proposed the deal in June. If finalized, the agreement would see Anthropic pay Meta in monthly increments over the two-year period for access to its significant computing infrastructure.

The terms reportedly remain subject to change and would include an option for either company to exit the agreement early. The New York Times noted that Anthropic declined to comment, while Meta did not immediately respond to a request for comment from Reuters, which could not independently verify the report.

Strategic Implications

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A deal of this magnitude would represent a significant strategic move for Meta to monetize its vast infrastructure investments and diversify its revenue streams beyond its core advertising business. By leasing its computing capacity, Meta would enter into direct competition with specialized AI cloud providers like CoreWeave and Nebius.

The potential partnership highlights the immense and growing demand for high-performance computing capacity required to train and operate advanced AI systems. For Anthropic, it would secure a massive amount of the computational power necessary to compete in the rapidly advancing AI landscape.

Market Reaction

Following the news on Friday, shares of Meta (META) slightly pared earlier losses but still closed down nearly 3% amid a wider selloff in technology stocks. The report suggests a new, potentially lucrative business line for the social media giant as it navigates the capital-intensive AI era.