AIFinancial Times3h ago
Anthropic is offering Blackstone a 10%+ yield
Sources: Anthropic is offering Blackstone a 10%+ yield to help finance Anthropic's $60B debt package to buy Google TPUs; Blackstone would invest $9B in the debt
TL;DRAnthropic offering Blackstone high-yield debt to fund $60B GPU buying spree.
Why it matters: Expensive debt suggests AI scaling costs are straining even well-funded labs' finances.
High borrowing costs complicate AI lab's goal of achieving investment-grade status — Anthropic is offering Blackstone …
Read full articleSource: Financial Times · Opens in new tab