Google moves billions in Anthropic chip risk off its balance sheet
AI Summary
Google is establishing a multibillion-dollar financing structure with several partners to supply Anthropic with AI chips and data centers, thereby minimizing financial risk for Google. Approximately $200 billion in contracts will rely on Anthropic's growth and capacity to meet lease obligations.
From the source
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.
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