Google Offloads $35 Billion in AI Chip Risk to Investors, Securing Anthropic's Future
In a historic infrastructure financing deal, Google has partnered with major investors to provide Anthropic with $35 billion worth of AI chips, mitigating the risk of owning the hardware. This move is set to propel Anthropic's growth and challenge Nvidia's dominance in the AI processor market.
Google is working with Broadcom, Apollo, Blackstone, and Morgan Stanley on a multibillion-dollar financing structure that supplies Anthropic with AI chips and data centers while keeping most of the risk off Google's balance sheet. The setup leaves roughly $200 billion in contracts dependent on Anthropic's continued growth and ability to make its lease payments. The article Google moves billions in Anthropic chip risk off its balance sheet appeared first on The Decoder.