Meta, Anthropic in talks for potential $10 billion compute lease deal: NYT

Meta Platforms is in talks to lease computing power to Anthropic in a potential deal worth as much as $10 billion over two years, the New York Times reported on ‌Friday, citing ⁠three ⁠people with knowledge of the discussions.

Shares of the social media giant slightly pared losses on the news to trade down nearly 3% amid a wider tech selloff.

Such a deal would help Meta diversify beyond ⁠its core ‌advertising business by generating new revenue from its infrastructure investments and ⁠directly pitting it against CoreWeave and Nebius, as growing adoption of advanced tools drive up the need for computing capacity.