Meta Platforms is in early discussions to lease computing power to Anthropic in a potential agreement worth up to $10 billion over two years. The move would expand Meta’s infrastructure business beyond advertising while facing a tech selloff that pushed its shares down more than 2% on Friday.
Meta and Anthropic Discuss Infrastructure Lease Deal
Meta is actively evaluating a proposal from Claude Code creator Anthropic to lease computing capacity in an arrangement projected to reach $10 billion over a two-year span. Under the proposed terms submitted in June, Anthropic would remit payments in monthly increments throughout the duration of the contract. However, both entities retain the flexibility to terminate any eventual pact early, according to sources familiar with the discussions.
The negotiations introduce distinct structural complexities. Meta does not operate a traditional commercial cloud business for selling external computing power, making the prospective partnership a novel operational pivot for the social media giant. The talks remain in their preliminary stages and carry no guarantee of culminating in a finalized contract.
Diversifying Beyond Advertising Into Neocloud Competition
For Meta, securing a massive infrastructure client like Anthropic represents a calculated step toward revenue diversification. As accelerated adoption of advanced artificial intelligence tools continuously drives up corporate demand for processing capacity, the social media conglomerate aims to monetize its surplus infrastructure.
Such a venture would position Meta to compete directly against established neocloud providers like CoreWeave and Nebius. Recent reports indicate that building out a formal cloud operation to host AI models and sell excess computing power for external developers has become a core strategic focus for leadership.
Zuckerberg’s Cloud Strategy and Broader Industry Parallels
The current dialogue echoes parallel infrastructure strategies unfolding across the technology sector. In May, Anthropic struck a separate agreement with Elon Musk’s SpaceX to harness the full computing power housed within the Colossus 1 data center located in Memphis, Tennessee.
During Meta’s shareholder meeting earlier in May, Chief Executive Officer Mark Zuckerberg addressed cloud expansion directly.
Zuckerberg noted during the gathering that outside organizations approach the firm almost every week requesting direct access to proprietary artificial intelligence models or unused computing resources.
Market Reaction and Future Implementation Outlook
Wall Street registered immediate volatility following news of the prospective arrangement. Meta shares pared losses slightly after the reports surfaced but ultimately finished Friday’s trading session down more than 2% amid a broader technology sector selloff. The stock saw further marginal declines in extended trading.
Meta declined to provide an immediate response to inquiries, while Anthropic issued a formal decline to comment on the ongoing negotiations.
