Anthropic Offers Blackstone Double-Digit Yield to Finance AI Chips, FT Says

In one line: Anthropic has reportedly offered Blackstone a double-digit yield to finance the chips it needs, according to the Financial Times.

Key points

• The Financial Times broke the story, and Yahoo Finance carried it.
• The financing is reportedly meant to pay for chips used to train and run AI models.
• The offered yield is in the double digits. The deal's size and structure, and whether it has closed, were not confirmed at the time of reporting.
• Blackstone, one of the world's largest alternative asset managers, has been growing its private credit and data center businesses.

Why it matters

AI labs are now using debt-style financing, not just equity rounds, to pay for compute. A double-digit yield shows that money backed by chips is far from cheap. It also hints at where the risk and cost of the AI infrastructure build-out are landing.

Read more

• Anthropic offers Blackstone double-digit yield in chip-financing deal, FT reports — Yahoo Finance