Meta projected spending up to $10bn a year on Anthropic’s AI models

Meta projected that its annual spend on Anthropic’s AI models could reach $10 billion, representing a substantial portion of Anthropic’s expected $65 billion yearly revenue. The company has been using Anthropic’s Claude Code and other models at scale, spending hundreds of millions each month, while also developing its own competing models such as “Watermelon” and the consumer agent “Hatch.”