Meta Platforms is in preliminary discussions with Anthropic to lease AI computing capacity from its data centers in a potential arrangement worth up to $10 billion over two years. The proposal, initiated by Anthropic in June 2026, would position Meta as a potential seller of AI infrastructure alongside Amazon Web Services, Microsoft Azure and Google Cloud. Meta has raised its 2026 capital expenditure guidance to $130 billion-$145 billion, nearly double its approximately $72 billion spending in 2025, with nearly all of the increase directed toward AI data-center development. Anthropic, the maker of the Claude family of AI models, recently locked in a $45 billion, three-year computing-resources deal with SpaceX. The talks remain preliminary, include monthly payments and early termination options for both companies, and could fail or change substantially. The arrangement could help offset Meta’s infrastructure spending, but revenue could disappear quickly if Anthropic finds cheaper or better alternatives.