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Blackstone AI Chip Financing Deal with Anthropic
Blackstone reportedly secured a double-digit yield in a chip financing deal with Anthropic, highlighting the high cost of capital for AI infrastructure and complicating Anthropic's path to investment-grade status.
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Blackstone has reportedly been offered a double-digit yield by Anthropic as part of the AI lab's latest chip financing arrangement (FT, October 17). The high borrowing costs involved reportedly complicate Anthropic's goal of achieving investment-grade credit status (FT, October 17). The deal is cited as an example of the elevated cost of capital facing AI infrastructure financing, amid broader market concern about an AI bubble (FT, October 17).