Meta Platforms is negotiating a deal to lease AI data center capacity to Anthropic. The potential agreement is valued at up to $10 billion. The contract would span a two-year period. Anthropic reportedly initiated these talks in June. The deal involves monthly payments for access to Meta's computing power. Terms remain subject to change, and both parties may exit the agreement early.
This move addresses investor skepticism regarding Meta's aggressive capital expenditures. Meta's stock fell nearly 3% on Friday during a broader tech sell-off. The company projects AI infrastructure spending to reach $145 billion. This spending target is set for 2026. Analysts previously noted a lack of clear returns on these significant investments.
The deal marks a strategic pivot toward generating revenue from internal infrastructure. Meta would compete directly with specialized cloud providers like CoreWeave. This shift reframes Meta's AI build-out from a cost center to a profitable enterprise.