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

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

    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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 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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