SynopsisMeta Platforms is reportedly discussing a significant deal to lease computing power to Anthropic. This potential agreement could be valued at as much as ten billion dollars over two years. Such a partnership would help Meta diversify its revenue streams beyond advertising. Anthropic proposed this deal in June, and Meta is currently considering the terms. Both companies retain the option to exit the agreement early if needed.Meta Platforms is in talks to lease computing power to Anthropic in a potential deal worth as much as $10 billion over two years, the New York Times reported on ‌Friday, citing ⁠three ⁠people with knowledge of the discussions.Shares of the ​social media giant slightly pared losses on the ​news to trade down nearly 3% amid a wider tech selloff.Such a deal would help Meta diversify beyond ⁠its core ‌advertising business by generating new revenue from its infrastructure investments and ⁠directly pitting it against CoreWeave and Nebius, as growing adoption of advanced tools drive up the need for computing capacity.Anthropic had proposed the deal in June and Meta is considering it, the report said.The Claude Code creator ‌would pay Meta in monthly increments over the two-year period, although the terms remain subject ⁠to change, NYT reported, adding that both companies would have the option to exit the agreement early.Anthropic declined to comment, while Meta did not immediately respond to Reuters' request. Reuters could not independently verify the report. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now