Meta Platforms is negotiating a deal to lease AI data center capacity to Anthropic. This potential agreement is valued at up to $10 billion over a two-year period.
The move signals a strategic pivot to monetize Meta's expensive AI infrastructure. These talks emerge as Meta plans to significantly increase capital expenditures for 2026 to expand its AI capabilities.
A successful agreement would establish a new revenue stream to justify massive data center spending. The development also serves to validate market demand for Meta's proprietary computing power.
Meta shares pared some losses following the report during a broader tech sell-off. However, investors maintain skepticism regarding the long-term returns on the company's substantial AI investments.