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Rohan Paul· @rohanpaul_ai · X· · Original publication time AI score53

Anthropic closes $63 billion chip financing as Broadcom backs most loans if payments stopMachine translation

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According to the WSJ, a shell company borrowed $63 billion from banks and Blackstone to buy chips that Anthropic cannot afford to purchase outright. It will repay the loans with Anthropic's rent payments. Chip seller Broadcom agreed to cover most of the loans if Anthropic stops paying and accepted higher interest rates to secure the deal.

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@rohanpaul_ai

WSJ: Anthropic’s $63B chip financing closed only after Broadcom CEO Hock Tan negotiated with bank executives over a weekend and agreed to higher interest rates on the loans.

Anthropic needed $63B to lease chips it can’t afford to buy outright, so a shell company borrowed that money from banks and Blackstone, will buy the chips, and will repay the loans from Anthropic’s rent payments.

Because lenders were nervous about lending against a startup alone, Broadcom (which sells the chips) promised to cover most of the loans if Anthropic stops paying, and agreed to higher interest rates to get the deal signed.

Source: Rohan Paul · x.com

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