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Meta Eyes $10B Cloud Deal with AI Rival Anthropic
17 Jul
Summary
- Meta and Anthropic are in early talks for a significant cloud computing deal.
- The potential arrangement could be worth up to $10 billion over two years.
- Meta aims to lease computing power from its own data centers to Anthropic.
Meta Platforms Inc. is reportedly engaging in preliminary discussions to lease computing power from its extensive data centers to Anthropic PBC. The potential agreement, as reported by The New York Times, could amount to as much as $10 billion over a two-year period.
This initiative underscores Meta's strategic development of a cloud computing business. The company is exploring ways to monetize its substantial infrastructure by offering its computing resources to other major technology firms, particularly those heavily invested in artificial intelligence development.
The potential deal highlights the increasing demand for specialized computing power to train and run advanced AI models. By leasing its data center capacity, Meta could secure a significant new revenue stream and further establish its presence in the cloud services market.
