Meta in $10B Anthropic Talks, Joins 9.6GW Power Deal, Hires Ex-AWS Exec
META sits 24% above its 52-week low of $520.26.
Summary
Meta is in preliminary talks to lease up to $10B in AI compute to Anthropic over two years, a deal that would monetize its massive GPU infrastructure and position it as a cloud provider for frontier AI models. Separately, Meta joined Microsoft and Alphabet in leasing a record 9.6 GW of power capacity in Q2, signaling aggressive data-center expansion to support AI workloads. The company also hired former AWS executive Dave Brown to lead AI cloud efforts, reinforcing its push into AI infrastructure services. These moves follow Meta's $145B capex forecast and a series of AI investments, showing a strategic shift from pure social media to AI infrastructure provider. The Anthropic talks, while preliminary, could open a significant new revenue stream and validate Meta's AI buildout.
At the time of this announcement, META was trading at $643.65 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.6T. The 52-week trading range was $520.26 to $796.25. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.