Meta Platforms is reportedly in talks for a proposed two-year, $10 billion deal with Anthropic, which would allow Meta to lease cloud computing capacity and put some of its AI infrastructure to use in a way that directly translates into revenue. The company has pledged to spend between $125 billion and $145 billion on capital expenditures in 2026 alone, primarily to develop its AI, after spending almost $70 billion on capex in 2025. Meta’s revenue grew by 33% year over year in the first quarter of 2026, and an average of 3.56 billion people, about 43% of the world’s population, already log into a Meta-owned site daily. The deal is not final and could still fall through, but some believe an announcement during Meta’s Q2 earnings call on July 29 that such a deal has been sealed will send the stock soaring.