Google, Wall St build $200B machine to fund Anthropic's AI chip supply

Google has structured a novel $200 billion financing program to supply its Tensor Processing Units (TPUs) to AI firm Anthropic. The deal, involving Broadcom, Apollo, Blackstone, and Morgan Stanley, uses a private credit vehicle to lease over $150 billion in AI chips, avoiding massive balance sheet liabilities for any single partner. This complex arrangement, adapting models from the aerospace industry, underscores the immense capital required to compete in the AI sector and challenges Nvidia's market dominance.