Meta Platforms Inc. (NASDAQ: $META) is in talks to lease as much as $10 billion of computing capacity to Anthropic, opening a possible path into the AI cloud market as demand for chips and data center access continues to tighten.
Anthropic proposed the two-year arrangement in June and would make monthly payments for access to Meta’s infrastructure. Both companies could leave the agreement early, while the final value and terms remain subject to change.
The talks remain preliminary, but a completed agreement would mark a new direction for Meta. The company has built vast computing capacity for its own AI models without yet turning that infrastructure into a service for outside customers.
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The talks could open a new commercial lane for Meta’s expanding AI infrastructure. After spending heavily on chips, power and data centers for its own models, the company may now have an opportunity to generate revenue from unused capacity while moving closer to specialist providers such as CoreWeave (NASDAQ: $CRWV) and Nebius (NASDAQ: $NBIS).
CEO Mark Zuckerberg said at Meta’s shareholder meeting in May that entering cloud computing was “definitely on the table.” He added that companies were approaching Meta almost every week about access to its models or spare computing power.
Anthropic, meanwhile, has been securing infrastructure across several providers as Claude adoption and developer demand expand. The company struck a separate agreement in May to use the computing power of SpaceX’s Colossus 1 facility in Memphis and recently signed a 20-year data center lease with TeraWulf (NASDAQ: $WULF).
The latest talks arrive as Anthropic prepares for a possible public listing as early as October. Locking in additional capacity would give the AI developer more room to train models, run inference and support new products ahead of a potential market debut.
Meta is still building primarily for its own AI ambitions. A $10 billion Anthropic lease would show how quickly that infrastructure could become a business of its own.
Meta Platforms Inc. (NASDAQ: META) is currently trading at $646.01 U.S. per share.