Meta Platforms is reportedly in discussions to lease AI computing capacity from its data center infrastructure to Anthropic in a deal that could be worth as much as $10 billion over two years, according to a report from The New York Times, citing people familiar with the matter.
According to the report:
- Anthropic proposed the deal in June, and Meta is now evaluating the offer.
- Anthropic would reportedly make monthly payments to Meta over the two-year term.
- The terms remain under negotiation, and the structure of the agreement is still evolving.
- Both companies would reportedly retain the option to terminate the agreement early.
If completed, the agreement would underscore the growing demand for AI infrastructure as leading AI developers race to secure the computing power needed to train and operate increasingly sophisticated models.
In the video above, I take a look at Meta from a technical perspective, highlighting the key support, resistance, and risk levels that traders should be watching.
This article was written by Greg Michalowski at investinglive.com.