Google's $200B Wall Street finance machine for Anthropic

(ft.com)

6 points | by alephnerd 4 hours ago ago

2 comments

$root-parent an hour ago

    Google funds Anthropic
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 Anthropic promises to rent Google's TPUs
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 Google guarantees the infrastructure
 needed to fulfil Anthropic's promise
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 Wall Street lends against Google's guarantee
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 Borrowed money buys Google-designed TPUs
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 The TPU purchases "prove" demand for Google TPUs
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          v
 Anthropic's compute capacity and valuation rise
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 Google's investment in Anthropic rises in value
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 Higher valuations justify still more financing
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                                           DO IT AGAIN

$root-parent 3 hours ago

https://archive.is/cqHO4