Meta is in preliminary talks with Anthropic to lease computing capacity as the social media giant eyes a new role in cloud computing.
Meta is in early discussions with Anthropic regarding a potential deal to lease computing capacity to the artificial intelligence startup. While the New York Times reported the deal could be worth $10 billion over two years, a source familiar with the matter noted that specific figures remain speculative. The move signals Meta's ambition to enter the cloud computing market, potentially competing with industry leaders like Amazon, Microsoft, and Google. To support these AI ambitions, Meta plans to spend between $125 billion and $145 billion on capital expenditures this year. Mark Zuckerberg noted that while the company currently prioritizes its own needs, leasing out infrastructure is a viable option if they overbuild. The deal highlights the high demand for AI chips as companies race to improve their models. Anthropic already maintains multibillion-dollar licensing deals with several major firms. By diversifying its revenue streams, Meta aims to show investors how its heavy investments in infrastructure will eventually benefit the bottom line.