Anthropic is in early-stage talks on a plan to lease computing power from Meta, CNBC reported on Thursday.

The potential deal is being discussed at about $10 billion.

After the report, Meta shares rebounded from an intraday low on Thursday.

The talks come as Anthropic expands efforts to secure external infrastructure. A few weeks ago, Anthropic struck a similar deal with SpaceX led by Elon Musk to use computing capacity at the Colossus 1 data centre and boost capabilities for paying subscribers.

Anthropic is continuing large contracts with other AI companies to access Nvidia AI chips. Securing enough AI chips remains a challenge, and the constraints are also behind Anthropic placing usage limits on top models such as "Fable", CNBC said.

Separately from the talks, Meta is also reviewing entering the cloud computing business. Chief Executive Mark Zuckerberg said in May that it was being reviewed to show investors ways to make money from AI investment, in addition to improving existing businesses.

Meta has also reorganised its cloud infrastructure organisation. It hired former Amazon Web Services senior executive Dave Brown as head of infrastructure and plans to spend up to $145 billion on capital expenditure in 2026, including AI infrastructure.