Meta Platforms is in talks to lease computing power to Anthropic in a potential deal worth up to $10 billion over two years, according to a source familiar with the matter. Shares of the social media giant pared losses slightly after the news and closed down more than 2 percent amid a wider tech selloff on Friday. They were down marginally in extended trading.

As Meta increasingly looks set to become a cloud provider

Meta Platforms shares fell 5.5% after a Financial Times report suggested a massive equity offering to fund AI infrastructure, wiping over $90 billion in