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Meta in talks with Anthropic for potential $10 billion compute lease deal: NYT
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According to a New York Times report citing three sources, Meta Platforms is in discussions to lease computing power to AI company Anthropic in a deal potentially worth up to $10 billion over two years. The deal, proposed by Anthropic in June, would see Meta generate new revenue from its infrastructure investments, diversifying beyond its core advertising business and competing with cloud providers like CoreWeave and Nebius. Payments would be made monthly over the two-year period, though terms could change and both companies have the option to exit early. Meta's shares pared losses on the news, trading down nearly 3% amid a broader tech selloff. Anthropic declined to comment, and Meta did not immediately respond to Reuters' request. Reuters could not independently verify the report.
Source report
Source: Reuters
July 17 (Reuters) — Meta Platforms is in discussions to lease computing power to Anthropic in a potential deal valued at up to $10 billion over two years, the New York Times reported on Friday, citing three people familiar with the matter.
Shares of the social media giant slightly pared losses on the news, trading down nearly 3% amid a broader technology selloff.
Strategic Implications
Such an agreement would help Meta diversify beyond its core advertising business by generating new revenue from its infrastructure investments. It would also position Meta as a direct competitor to CoreWeave and Nebius, as growing adoption of advanced tools drives up demand for computing capacity.
Deal Details
- Anthropic proposed the deal in June, and Meta is currently considering it, according to the report.
- The Claude Code creator would pay Meta in monthly increments over the two-year period.
- Terms remain subject to change, the NYT reported.
- Both companies would have the option to exit the agreement early.
Responses
- Anthropic declined to comment.
- Meta did not immediately respond to Reuters' request for comment.
Reuters could not independently verify the report.
Reporting by Anhata Rooprai in Bengaluru; Editing by Shilpi Majumdar
Source
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Meta and Anthropic in Talks for $10 Billion AI Compute Lease Deal