Google has provided a total of $35 billion in financing guarantees to support data center investments by the AI company Anthropic.
According to sources familiar with the matter, Anthropic will rent high-performance computing chips at five different data centers in the U.S. Google, in turn, provided rental payment guarantees for each of these projects, helping Anthropic secure approximately $35 billion in financing.
While tech companies are turning to large-scale investments to increase their data center capacity in the AI race, industry players are establishing more complex financing and supply agreements. Google is using its strong balance sheet to support the financing of data center projects, while also gaining the opportunity to sell more hardware to Anthropic as the supplier of the chips to be used in these facilities.
Chip manufacturer Broadcom also played a key role in the deal. Broadcom’s influence in the sector and high credit rating contributed to the completion of the financing arrangements and facilitated Google’s supply of TPU (Tensor Processing Unit) chips to Anthropic.
As part of the $35 billion chip deal, Broadcom is designing the chips, Google is developing them, and Anthropic is deploying them across five data centers nationwide.
In terms of financing, alternative asset management firms Apollo Global Management and Blackstone Group were involved.
