Meta in Talks to Lease Computing Power to Anthropic in Potential $10 Billion Deal
TLDR
Meta is in talks to lease computing power to Anthropic in a deal potentially valued at $10 billion over two years. The agreement would include monthly payments and early exit options, with the deal structured to begin in June. Meta would generate revenue from excess GPU capacity while it waits for demand for its own AI services to increase.
Why it matters
Anthropic proposed a computing deal with Meta in June that could be worth as much as $10 billion over two years, with monthly payments and early opt-out options. The deal would open up a new line of business for Meta and provide a revenue stream while demand for its own AI services catches up.
