Meta's shares reduce losses after $10 billion deal with Anthropic

Reports indicate that Meta has reduced its losses following negotiations over a potential $10 billion deal with Anthropic related to leasing Meta's AI data centers. In June, Anthropic submitted an offer allowing it to make monthly payments in exchange for access to the data centers, with both parties having the option to terminate the agreement early. This deal is part of Meta's efforts to enhance its AI infrastructure and comes amid increasing demand for advanced computing capabilities to develop AI models. If finalized, Meta would generate revenue from its excess computational capacity, while Anthropic gains access to the infrastructure necessary for training and operating AI models.

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