Anthropic provides 10% stake in Blackstone for chip financing
Anthropic has announced a financing offer to Blackstone with an interest rate exceeding 10% to support a $60 billion investment deal in AI chips, as part of the North Star project. The deal includes the issuance of $9 billion in subordinate bonds backed by chip leasing payments from Google. This is the largest of its kind in AI chip financing to date. This move comes amid rising borrowing costs and concerns from a New York-based auditor regarding the company's planned IPO, amid fears that incidents could impact the company's reputation and the security of its future financial returns.
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