Meta Platforms nears a $10 billion agreement with Anthropic, positioning itself as a major cloud provider amid AI expansion.
Meta Platforms is in advanced talks to acquire a $10 billion stake in AI startup Anthropic, a move that would establish the company as the fourth major cloud services provider. The deal underscores Meta’s aggressive push into artificial intelligence, leveraging its vast data resources to compete with existing hyperscalers like AWS, Microsoft Azure, and Google Cloud.
The company has already committed to spending between $125 billion and $145 billion on capital expenditures in 2026, primarily for AI development, following nearly $70 billion in capex in 2025. Despite a 33% year-over-year revenue growth in Q1 2026 and a low P/E ratio of 23, investors remain cautious about Meta’s long-term growth prospects beyond digital advertising.
Meta’s Q2 earnings report on July 29 will be closely watched for further details on its AI strategy and cloud ambitions. The stock’s valuation reflects skepticism about its ability to sustain high growth in new markets.