Wall Street Banks Close in on $15 Billion Loan for Google-Backed Anthropic Data Center
Complete. Here is the key summaryAnthropic is nearing a $15 billion loan, led by Morgan Stanley, to build a major AI data center campus in Texas, backed by Google. The deal includes a $14 billion bridge loan and revolving credit, with Google securing a ~20% stake and lease commitments in exchange for financial support. This infrastructure expansion aims to reduce reliance on cloud providers, utilizing Google's TPUs and a dedicated natural gas power plant to meet growing AI computing demand.
Claude AI creator Anthropic is close to securing a $15 billion loan to build a huge data center campus in Texas, with global tech giant Google (GOOGL) backing the financing. The project, being built by data center developer Nexus, will include a 1.6-gigawatt natural gas power plant and might be one of the largest AI infrastructure projects in the US.
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Explore NVDS for 2X short leverage on NVDAMorgan Stanley Leads Loan Talks for Anthropic's Data Center
According to reports, a group of banks led by Morgan Stanley (MS) is in talks with Nexus to provide $15 billion to build Anthropic's data center campus in Hubbard, Hill County, Texas. The funding includes a $14 billion bridge loan and a revolving credit system.
To aid the buildout, Google has agreed to lease billions of dollars and power payments if Anthropic fails to meet its obligations. In return, Google is expected to receive a roughly 20% stake in the project.
Anthropic also plans to use Google's tensor processing units (TPUs), its AI chips co-developed with chipmaking giant Broadcom (AVGO). Broadcom is expected to cover the chips under a separate vendor deal with Anthropic.
Anthropic Expands AI Infrastructure With Texas Campus
The Texas data center project is part of Anthropic's plan to build its own AI infrastructure instead of relying mainly on cloud providers. The company has signed more than a dozen preliminary data center leases across the U.S. and aims to secure at least 10 gigawatts of computing capacity in coming years.
Notably, the Hubbard campus will generate its own electricity using a natural gas power plant. This helps avoid delays in connecting to the public power grid and supports the growing demand for AI computing.
The deal also signals a broader trend of major tech companies helping AI startups fund costly projects. Anthropic's biggest rival OpenAI has also explored a similar partnership with global chipmaking giant Nvidia (NVDA) to build a $250 billion data center campus in Ohio.
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