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AsiaPac · 53 mins ago
Banks in talks to lend $15 billion for Anthropic data center backed by Google, WSJ reports
July 30 : Data-center developer Nexus Data Centers is in advanced talks to raise $15 billion for a Texas campus tied to Anthropic, with Alphabet's Google offering financial guarantees and supplying chips, the Wall Street Journal reported on Thursday, citing people familiar with the matter.Big Tech has been pouring billions of dollars into AI data centers and computing power as demand continues to outstrip supply.Here are some details:• A bank group led by Morgan Stanley is discussing financing for the project in Hubbard, Texas, which includes a natural-gas-fired power plant capable of producing 1.6 gigawatts of electricity, the report said. • Google has agreed to guarantee billions of dollars of Anthropic's lease and power-payment commitments if the startup defaults, according to WSJ. The
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