Overview
Meta Platforms (NASDAQ:META) saw its share price recover from a 5.7% decline to a 3% loss after a New York Times report indicated the company is in early‑stage negotiations to lease its AI data‑center capacity to Anthropic.
Deal Details
The proposed arrangement is valued at approximately $10 billion. Anthropic would make monthly payments to Meta over a two‑year period for access to the latter’s AI‑focused data centres. Both parties would retain the right to terminate the agreement before the two‑year term expires.
Strategic Significance
If finalized, the lease would constitute a new line of business for Meta, allowing it to monetize excess AI computing capacity. The move comes amid a reported scarcity of compute resources for AI model development, highlighting the strategic importance of such partnerships.
Related Agreements
Anthropic previously signed a separate agreement with SpaceX in May, under which it will pay $45 billion over three years for computing power, illustrating its substantial demand for large‑scale AI infrastructure.
Market Reaction
Following the news, Meta’s stock price narrowed its earlier 5.7% slide, ending the session down only about 3%, reflecting investor optimism about the potential revenue stream.