Meta in talks to lease AI compute to Anthropic

Meta Platforms is in preliminary talks to lease computing infrastructure to AI lab Anthropic in a potential transaction valued at up to $10 billion, according to people familiar with the discussions. The proposed arrangement would have Anthropic buy raw compute capacity from Meta to help scale advanced models, including its flagship model Fable.

Anthropic has expanded its search for external compute after limited access to the latest Nvidia hardware. The lab recently agreed to purchase capacity from SpaceX’s Colossus 1 data center and has been seeking additional suppliers to meet demand.

Meta has made changes consistent with offering larger-scale hosting. The company appointed former Amazon Web Services executive Dave Brown as head of infrastructure and earlier this year raised full-year capital spending guidance to a range of $125 billion to $145 billion, citing AI data-center construction and related hardware investments.

Leasing excess server capacity would allow Meta to sell computing time and space to external buyers rather than leaving those assets idle. Meta has previously indicated that external technology firms regularly request to buy its compute capacity.

On the market, Meta shares are trading above several major moving averages with a relative strength index in the mid-50s. The stock is near the same level as the start of 2026, trades at about 23 times forward earnings and carries a consensus analyst rating of Strong Buy with an average price target near $823.

If completed, a lease agreement with Anthropic would add another large provider to Anthropic’s compute supply options. Any transaction would depend on final terms, available capacity and operational details.