Meta Platforms Inc. is in preliminary talks to lease computing capacity to the AI startup Anthropic.
Meta Platforms Inc. is currently in early discussions to lease computing capacity to the AI startup Anthropic. While the specific terms remain preliminary, the New York Times reported the potential deal could be worth as much as $10 billion over a two-year period. The move signals a potential expansion for Meta Platforms Inc. into the cloud computing market, placing it in direct competition with industry leaders like Amazon, Microsoft, and Google. The social media giant has invested heavily in data center infrastructure to support its own AI ambitions, and this deal would allow the company to generate new revenue from its capacity. Mark Zuckerberg stated during a shareholder meeting that the company is considering entering the cloud business as outside firms frequently request access to its computing power. For Anthropic, securing additional capacity is vital as it prepares for a potential public listing. Both companies have declined to comment officially on the status of the negotiations.