Meta Platforms (NASDAQ:META) is reportedly negotiating a deal to rent AI data center capacity to Anthropic worth up to $10 billion over two years.
Anthropic pitched the arrangement in June, and both sides could exit early, with terms remaining fluid, The New York Times reported on Friday, citing sources familiar with the discussions.
Meta and Anthropic did not immediately respond to Benzinga‘s request for comment.
Smaller Than Anthropic’s SpaceX Pact
Anthropic’s web traffic share nearly doubled between March and June, separating it from smaller rivals and strengthening its negotiating position as it seeks more compute capacity to meet demand.
Trading Metrics
Meta has a market capitalization of approximately $1.64 trillion. Its stock has traded between a 52-week high of $796.25 and a 52-week low of $520.26.
The tech stock has fallen 0.68% so far this year.
Benzinga’s Edge Stock Rankings indicate that META is experiencing long-term consolidation along with medium and short-term upward movement.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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