Meta Stock Falls 6% Then Rebounds on $10 Billion Anthropic Computing Deal Report

META-2.78%
According to The New York Times on Friday (July 17), Meta shares fell as much as 6% but began recovering following a report that the company is in early-stage talks to lease computing power from its AI data centers to Anthropic in a potential deal valued at up to $10 billion over two years. Anthropic proposed the arrangement in June and would pay in monthly installments over two years, with both companies able to exit early. Meta is currently reviewing the proposed terms, though the discussions remain fluid and may not result in a finalized deal. The potential arrangement highlights acute shortages of AI computing capacity, with Meta CEO Mark Zuckerberg previously noting that outside companies regularly seek to purchase computing power from Meta at a premium.
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