Meta Platforms is in early talks to lease computing power to Anthropic in a potential agreement worth up to $10 billion over two years, a move that could reshape the company’s future far beyond social media.
News of the discussions helped Meta trim some losses during Friday’s broader tech selloff, though shares still closed more than 2 percent lower. The proposed deal would see Anthropic creator of Claude Code pay Meta in monthly instalments, with both companies retaining the option to exit early. The talks remain complex, in part because Meta has never operated a business selling its computing power.
If finalised, the agreement would mark a major strategic shift for Meta, allowing it to diversify revenue beyond advertising and compete with emerging neocloud providers such as CoreWeave and Nebius. Demand for high‑performance computing has surged as advanced AI tools become more widely adopted, creating a lucrative new market for companies with large‑scale infrastructure.
Anthropic reportedly approached Meta in June, but the negotiations are still in early stages and may not result in a deal. Meta did not respond to requests for comment, while Anthropic declined.
The potential partnership mirrors a recent move by SpaceX, which struck a deal with Anthropic in May to access the full computing power of its Colossus 1 data centre in Memphis. Meta CEO Mark Zuckerberg has already signalled interest in entering the cloud sector, telling shareholders in May that companies were approaching Meta “almost every week” to buy access to its AI models or spare compute.
Earlier this month, Bloomberg reported that Meta is building a cloud business designed to sell excess computing power and host AI models for developers a sign that the company is preparing to compete directly in one of tech’s fastest‑growing arenas.
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