U.S. MarketsIMPORTANT

Meta (META) is in talks to rent computing power from its AI data centers to Anthropic in a deal that could be worth as much as USD 10bln over two years, reports NYT citing sources

StockNow breaking-news AI analysis

Meta is negotiating a potential $10 billion AI computing rental deal with Anthropic. The move signals Meta's entry into cloud services to monetize its massive infrastructure investments amid rising AI demand.

News detail

Anthropic proposed the deal in June and Meta is considering it, said the sources. "While the specifics were in flux, Anthropic would pay Meta in monthly increments over the two-year period, the people said. The companies would be able to opt out of any agreement early, they added."

1 stocks

What do investors think?

Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactions

StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.

Today's market highlights

A selection of stories drawing attention in the market.

See more