Meta Platforms is in early talks to lease computing power to AI rival Anthropic in a potential deal worth up to $10 billion over two years. The agreement, proposed by Anthropic in June 2026, would allow Meta to monetize its massive infrastructure and compete with neocloud firms like CoreWeave. The deal highlights the intense demand for AI chips, following Anthropic's massive $45 billion computing deal with SpaceX in May 2026. Meta's capital expenditures could reach $145 billion in 2026.
Meta-Anthropic lease negotiations
- ▪Anthropic proposed the computing lease deal to Meta Platforms in June 2026, and the discussions remain in their early stages.
- ▪Meta Platforms is in early talks to lease computing power to Anthropic in a potential deal worth as much as $10 billion over two years.
- ▪Under the proposed terms, Anthropic would pay Meta Platforms in monthly increments over a two-year period, with both companies retaining the right to exit the agreement early.
AI computing power demand
- ▪Access to sufficient artificial intelligence chips remains a challenge for firms like Anthropic, which places usage limits on its advanced models like Fable.
- ▪The massive scale of the proposed $10 billion deal highlights the high demand among artificial intelligence developers for hardware to train next-generation models.
Meta data center monetization
- ▪Meta Platforms hired former Amazon Web Services senior executive Dave Brown to help expand its data centers and underlying hardware.
- ▪A deal with Anthropic would help Meta Platforms diversify its revenue beyond digital advertising and compete with neocloud infrastructure firms like CoreWeave and Nebius.
Anthropic-SpaceX deal comparison
- ▪Anthropic's proposed $10 billion deal with Meta is roughly 22% of the reported $45 billion SpaceX agreement.
- ▪In May 2026, Anthropic signed a $45 billion deal over three years to tap the computing power of Elon Musk's SpaceX Colossus 1 data center in Memphis, Tennessee.
Tech company AI spending
- ▪The massive construction boom of data centers by tech giants has raised spending to an extraordinary degree, stirring concerns on Wall Street about whether the expenditures are justified.
- ▪Meta Platforms could spend as much as $145 billion on capital expenditures, including artificial intelligence infrastructure, in 2026.
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