Meta has reportedly cut the number of staff using Anthropic's Claude Code from about 60,000 to 30,000 this year, moving engineers onto its own coding tools. Microsoft has reportedly cut its projected internal Claude spending by more than a third. Anthropic depends on a few large customers, and Kedrosky estimated Meta was roughly 10% of its 2025 revenue. Anthropic's reported $16.8 billion third quarter showed slowing growth, and Bloomberg Intelligence's Mandeep Singh named Meta's new frontier model as one possible reason. Meta's Claude Code spending of roughly $1.4 billion a year is small next to its $69.7 billion of capex in 2025, so Wednesday's capex guidance matters more.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Related tickers and likely impact
META
• NeutralMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/19/2026 | 705.44 |
| Change that session | -0.55% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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