Meta's $10B Compute Flex: Lovesick for Anthropic Before the IPO Altar 💍

Meta Platforms is in discussions to lease computing capacity from Anthropic in a deal valued at up to $10 billion over two years, according to a Reuters report citing The New York Times. The talks come as Anthropic advances preparations for a potential initial public offering, a step that would place the AI company among the most-watched public listings in the technology sector.

The proposed arrangement would give Meta access to significant compute resources tied to Anthropic's infrastructure. Anthropic recently expanded its compute footprint through a long-term data center agreement with TeraWulf, adding capacity as it scales operations to meet rising enterprise demand for its AI models.

Investor meetings around Anthropic have reportedly been underway as the company moves toward a public listing. Anthropic has not publicly confirmed an IPO timeline or filing, and details of Meta's prospective compute lease remain subject to negotiation. Both companies declined or did not respond to commentary beyond what has been reported.

The talks reflect how major technology firms are securing access to AI compute through long-term agreements, rather than building capacity exclusively in-house. The structure under discussion between Meta and Anthropic would extend that approach, with a multi-billion-dollar compute commitment tied to a single AI provider.

Market participants are closely watching any formal announcement, given the scale of the potential deal and its overlap with Anthropic's public-market trajectory. As of reporting, no definitive agreement has been disclosed by either Meta or Anthropic.