AI news ·
Anthropic offers Blackstone over 10% yield in chip financing deal
Anthropic is reportedly borrowing $9 billion through private credit at over 10% interest to fund computing infrastructure, shifting hardware costs off its balance sheet.
Anthropic is reportedly offering a double-digit yield on $9 billion of debt tied to chip financing. The yield, described as exceeding 10%, is part of a private-credit transaction that funds the computing infrastructure needed for frontier-model development.
The deal moves compute-related capital risk from the company’s balance sheet into private-credit markets. It reflects a broader pattern in which the heavy hardware costs of advanced AI systems are being financed through structured debt rather than equity or corporate cash flows.
The structure highlights how demand for large-scale compute is reshaping funding strategies in the AI sector, with private lenders absorbing exposure that would otherwise sit with the model developer.