Google moves billions in Anthropic chip risk off its balance sheet
Google partners with Broadcom and financial firms to finance Anthropic's AI chip and data center needs, shifting billions in risk off its balance sheet while securing roughly $200 billion in contracts.
Google is structuring a multibillion-dollar financing deal involving Broadcom, Apollo, Blackstone, and Morgan Stanley. This arrangement provides Anthropic with necessary AI chips and data center capacity.
The primary goal is to keep the associated financial risk off Google's balance sheet. Reports indicate the structure involves approximately $200 billion in contracts, highlighting the scale of capital required for AI infrastructure.
This move underscores the intense competition for compute resources among leading AI developers. By leveraging financial partners, Google can support key AI labs like Anthropic without directly absorbing the full capital expenditure burden.
Such financing models may become more common as AI companies seek to secure long-term access to specialized hardware. It reflects the growing intersection between traditional finance and AI infrastructure development.
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