Meta Platforms in Advanced Talks to Lease Compute Power to Anthropic

The New York Times reported that Meta Platforms is in advanced talks to lease compute power to Anthropic, with a potential deal valued at $10 billion over two years. This deal would help Meta diversify its revenue sources away from digital advertising, allowing it to generate new income from its investments in infrastructure and data centers. It also positions Meta in direct competition with companies like CoreWeave and Nebulous. Under the proposed terms, Anthropic would pay Meta in escalating monthly installments, with an option for early termination. Anthropic declined to comment on the news, while Meta did not respond to requests for comment.