Epoch AI: financing unlikely to bottleneck AI compute, Anthropic case

Anthropic assembled nearly $50 billion in debt for its $50 billion AI compute buildout — roughly $35 billion for Google TPU systems and $15.2 billion from five lenders for 1.43 GW of datacenter capacity — before revenue spiked. The financing was secured even when Anthropic had under $9 billion in annualized revenue.