Meta Reportedly Negotiating $10 Billion AI Compute Deal With Anthropic

Meta Platforms (NASDAQ:META) is reportedly negotiating a deal to rent AI data center capacity to Anthropic worth up to $10 billion over two years.

Anthropic pitched the arrangement in June, and both sides could exit early, with terms remaining fluid, The New York Times reported on Friday, citing sources familiar with the discussions.

Meta and Anthropic did not immediately respond to Benzinga‘s request for comment.

Smaller Than Anthropic’s SpaceX Pact

The proposal is roughly a third the size of Anthropic’s $45 billion, three-year computing deal with Elon Musk‘s Space Exploration Technologies Corp. (NASDAQ:SPCX) signed in May.

CEO Mark Zuckerberg said Meta plans up to $145 billion in 2026 capital spending, more than double 2025’s $72 billion. “We haven’t done that yet because we think we have a use for the compute,” he told investors in May, adding Meta could sell excess capacity if it overbuilds.

Meta previously struck compute deals with CoreWeave (NASDAQ:CRWV) in April and Nebius Group N.V. (NASDAQ:NBIS) in March.

Anthropic’s web traffic share nearly doubled between March and June, separating it from smaller rivals and strengthening its negotiating position as it seeks more compute capacity to meet demand.

Trading Metrics

Meta has a market capitalization of approximately $1.64 trillion. Its stock has traded between a 52-week high of $796.25 and a 52-week low of $520.26.

The tech stock has fallen 0.68% so far this year.

Benzinga’s Edge Stock Rankings indicate that META is experiencing long-term consolidation along with medium and short-term upward movement.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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