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Anthropic offers Blackstone double-digit yield in chip-financing deal, FT reports
Blackstone funds would invest $9 billion in debt backed by Anthropic's chip lease payments, the Financial Times reported.
- On Friday, the Financial Times reported that Anthropic is offering Blackstone a yield of more than 10 percent to finance its latest chip deal, though Reuters could not immediately verify the report.
- Blackstone funds would invest $9 billion in debt backed by Anthropic's five-year lease payments on the chips, according to people familiar with the matter.
- The NYSE-listed asset manager's shares closed Friday down 2.37% at $106.61, while broader markets also declined during the same session.
- Blackstone has pursued several AI partnerships this year, including a May 18 joint venture with Google providing computing capacity through Tensor Processing Units, or TPUs, backed by $5 billion in equity.
- On May 4, Blackstone joined Anthropic, Hellman & Friedman, and Goldman Sachs to launch an enterprise AI services firm for Claude, with backing from General Atlantic, Leonard Green, Apollo Global Management, GIC, and Sequoia Capital.
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The artificial intelligence company aims to finance the acquisition of semiconductors for 1.5 gigawatts of capacity. The cost of capital rises compared to 8.5% four months ago, while investors' caution on investments in the AI grows.
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Anthropic advances in landmark deal for artificial intelligence market, accepting significantly increased cost of ownership
Discover more articles in search results Add ot.gr to Google Anthropic is offering Blackstone a high yield of more than 10% to finance its latest chip deal, underscoring the startup's willingness to bear the high cost of borrowing to finance expensive artificial intelligence infrastructure. According to the Financial Times, the …
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Total News Sources19
Leaning Left0Leaning Right4Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
C 56%
R 44%
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