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Meta in Talks to Lease Computing Power to Anthropic in Potential $10 Billion Deal
The New York Times • • business
Key Points:
- Meta is negotiating a potential deal to rent computing power from its AI data centers to Anthropic, which could be worth up to $10 billion over two years.
- Anthropic proposed the deal in June, with payments planned in monthly increments and provisions allowing either company to exit early; talks are still preliminary and may not result in an agreement.
- The proposed deal is about one-third the size of Anthropic’s $45 billion, three-year computing power contract with SpaceX, highlighting the high demand for AI infrastructure.
- This potential partnership could mark a new business avenue for Meta, helping to offset investor concerns about its heavy spending on AI data centers, which is expected to reach $145 billion this year.
- The discussions reflect the broader industry trend of massive investments by tech giants in AI data centers amid rising concerns about the sustainability of such expenditures.
