Meta in Talks to Lease Computing Power to Anthropic in Potential $10 Billion Deal

Meta is currently in discussions to lease computing power to Anthropic in a potential deal valued at $10 billion. This agreement would highlight the significant scarcity of computing power required for artificial intelligence development. Furthermore, such a partnership could establish a new business stream for Meta. Following reports of these AI computing deal talks, Meta stock managed to pare its losses as investors reacted to the potential strategic move between the two companies.