Quartz·2 min read·medium
Google is backstopping a $15 billion loan to build Anthropic's AI data center in Texas
✦AI Summary
Google is providing financial backing for a $15 billion loan to construct a new AI data center for Anthropic in Texas. In exchange for its credit support, Google is expected to secure a 20% equity stake in the project.
Google is backstopping the deal with its investment-grade credit rating, and is expected to receive an equity stake of about 20% in the project
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