Meta in Talks for $10 Billion Anthropic Deal, Could Become Fourth Major Cloud Provider; Q2 Earnings Due July 29
Meta Platforms is reportedly in negotiations for a two-year, $10 billion deal with AI company Anthropic, which would position Meta as the fourth major cloud provider by leasing its AI infrastructure. The potential announcement may come during Meta's Q2 earnings call on July 29. Meta has pledged $125-$145 billion in capital expenditures for 2026, primarily for AI development, following $70 billion in 2025. Despite 33% year-over-year revenue growth in Q1 2026 and a low P/E ratio of 23, investor skepticism remains due to Meta's heavy reliance on digital advertising (98% of revenue) and uncertainty about its cloud pivot. Analysts compare Meta's potential offering to specialized neocloud providers, a market projected to grow 46% annually through 2031. The deal is not finalized and could still fall through.
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