Sources tell The New York Times that the deal could be valued at $10 billion over two years, with Anthropic paying Meta in monthly increments. Though Anthropic plans to invest $50 billion in building out its own data centers, it has already struck multibillion-dollar deals to access computing power from SpaceX and TeraWulf. [Link: Meta in Talks to Lease Computing Power to Anthropic in Potential $10 Billion Deal | https://www.nytimes.com/2026/07/17/technology/meta-anthropic-ai-computing-power.html?smid=nytcore-android-share | The New York Times]

As Meta increasingly looks set to become a cloud provider

The deal would follow Anthropic's $1.25B/month SpaceX Colossus arrangement. Meta is building a cloud business to monetise $145B in AI infrastructure spending.