Financial Times ·

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

High borrowing costs complicate AI lab's goal of achieving investment-grade status

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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

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Financial Times — 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 ↗

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Oct 17Oct 18

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Reuters: IPO prospectus: Broadcom agreed to lend Anthropic up to $42B via a convertible note that could help finance Anthropic's $125.2B, five-year TPU lease commitment

Bloomberg: Broadcom is in talks with a group of lenders to raise $60B+ in debt for an AI chip financing deal that will benefit Anthropic and other companies

Bloomberg: A group of 10 banks is giving a $22B loan to Blackstone and Alphabet's cloud venture Crux AI, which aims to provide compute for AI labs, to buy TPUs

New York Times: Anthropic's bankers said the company could raise $100B+ in its IPO, which could value it at $2T, in recent discussions with potential investors

Reuters: Anthropic is in talks to bring on Nvidia as an anchor investor in its IPO, seeking up to $100B at a ~$2T valuation; Nvidia may invest up to $10B

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