Following this news, shares of the social media company slightly reduced their losses but were still down more than 2% amidst a broader tech market decline.
This arrangement could enable Meta to diversify its revenue streams beyond advertising by monetizing its infrastructure and competing with neocloud companies such as CoreWeave and Nebius, as the demand for computing power increases with the rising use of advanced AI technologies.
The creator of the Claude Code would compensate Meta through monthly payments over the two-year term, although the specific terms may still change, the NYT reported. It was also noted that either party could exit the agreement early.
Anthropic, which is on track for an IPO, proposed this deal in June, and Meta is currently evaluating it. However, the discussions have become more complex since Meta does not traditionally engage in selling its computing power.
The report indicated that the negotiations are still in preliminary stages and may not lead to a finalized agreement.
Meta has not yet responded to a request for comment from Reuters, and Anthropic opted not to provide any statements. Reuters was unable to independently verify the report.
This potential deal mirrors a strategy recently adopted by Elon Musk’s SpaceX, with which Anthropic entered into an agreement in May to utilize the full computing capabilities of its Colossus 1 data center located in Memphis, Tennessee.
During Meta’s shareholder meeting in May, CEO Mark Zuckerberg indicated that venturing into cloud computing was “definitely on the table,” mentioning that companies frequently approached Meta to gain access to its AI models or available computing power.
Earlier this month, Bloomberg News reported that Meta is developing a cloud business aimed at selling excess computing capacity and providing infrastructure for developers’ AI models.
