Anthropic, 60 billion debt for Google’s chips: Blackstone set to see returns of over 10 per cent

Anthropic is prepared to pay returns in excess of 10 per cent to finance its artificial intelligence infrastructure. The US company has offered Blackstone particularly favourable terms to participate in a $60 billion debt facility, known as ‘Project North Star’, designed to support the procurement of approximately 1.5 gigawatts of customised semiconductors developed by Google. The deal, which could become the largest-ever financing round for the purchase of chips, represents a litmus test for the artificial intelligence-related debt market. On the one hand, companies in the sector need substantial resources to rapidly expand their computing capacity; on the other, investors are demanding ever-higher risk premiums to finance spending plans that require enormous amounts of capital within a short timeframe.

First reported by en.ilsole24ore. This page is a short excerpt; the full text is theirs.