Anthropic Secures Record $60 Billion in Chip Financing, Offers Blackstone Double-Digit Returns

Anthropic has arranged $60 billion in debt financing for a historic five-year lease of Google tensor processing units, marking the largest dedicated chip-financing package to date. Blackstone is anchoring a $9 billion junior tranche at returns exceeding 10%, substantially higher than the roughly 7% that similarly-rated borrowers pay in public debt markets—a gap reflecting heightened market caution around AI infrastructure asset depreciation.