Anthropic has proposed leasing up to $10 billion in computing power to Meta Platforms over two years as the AI developer prepares for a possible October IPO.
Summary
- Anthropic has proposed leasing up to $10 billion of computing power to Meta over two years.
- Meta is reviewing the deal, which could create a new revenue stream for its AI infrastructure.
- Bloomberg reports that Anthropic is preparing for a possible IPO as early as October.
According to Reuters, citing the New York Times, Meta is reviewing the proposal after Anthropic presented the terms in June. The proposed agreement would require Anthropic to make monthly payments to access Meta’s computing capacity.
Both companies may end the contract before the end of the two years, the report said. Meta and Anthropic have yet to finalize the plan, leaving its price and length dependent on the outcome of their negotiations.
At Anthropic, the hire will provide access to the processing capacity needed to train and run advanced artificial intelligence models. AI developers rely on large numbers of specialized chips and data centers, making reliable computing access a central part of their expansion plans.
Meta, in turn, can earn revenue from infrastructure built specifically for its AI products and services. According to the report, the proposed hiring would give the social media company another way to monetize its computing investment outside of its advertising business.
Meta can enter the AI infrastructure market
The completed deal will put Meta in competition with CoreWeave and Nebius, two companies that provide computing infrastructure for AI workloads. Reuters reported that Anthropic’s proposal could turn Meta into a capacity provider for external AI developers while it continues to build its own models and products.
The talks come as technology companies compete for chips, electricity and data center space. Under the reported structure, Anthropic will secure the company’s heavily invested AI infrastructure, while Meta will add a potential client to its computing network.
Anthropic also pursued various long-term infrastructure projects. Earlier this month, the company signed a 20-year data center lease with Bitcoin miner TeraWulf. The agreement is expected to provide additional computing resources for future Anthropic AI development.
Together, the Meta deals and the TeraWulf lease show how Anthropic is putting together the infrastructure needed to support its models. Any evaluation of the scale or financial impact of those deals, however, depends on their final terms and the amount of energy Anthropic ultimately uses.
Anthropic could hit the public markets in October
Bloomberg reported that Anthropic is moving forward with preparations for a stock market listing. Banks working on this offering have started arranging meetings between company officials and those who want to invest, according to the report.
Those meetings could support an IPO as early as October, though Bloomberg’s timeline remains subject to market conditions and the company’s final decision. The October launch will put Anthropic on the public market ahead of OpenAI, which Bloomberg reported is considering a 2027 listing.
Chinese AI developer DeepSeek is also preparing for an eventual public offering, according to an original report. So Anthropic could be one of the first major companies from the latest generation of AI model developers to list its shares.
Before the IPO report emerged, Anthropic had received approval from the US government to restore access to its Mythos 5 model to select companies and government agencies last month. Combined with its infrastructure agreements and investor meetings, this decision adds another development for banks and potential shareholders to examine as preparations continue.
