According to Jiemian News, data center developer Nexus Data Centers is raising $15 billion in financing for Anthropic’s AI data center project, with Google providing guarantees and supplying chips. The project, located in Hubbard, Texas, includes a 1.6 GW power plant. A banking group led by Morgan Stanley is discussing a $14 billion bridge loan and revolving credit facility. Google has agreed to provide billions of dollars in guarantees for Anthropic’s four data center lease agreements and power purchase agreements, in the event Anthropic fails to meet its lease and electricity payment obligations.
Nexus Data Centers Raises $15 Billion for Anthropic AI Project, Backed by Google
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Summary
Nexus Data Centers announced a $15 billion project to build AI infrastructure for Anthropic, with Google supporting the initiative by supplying chips and providing guarantees. The Texas-based project includes a 1.6GW power plant, backed by a $14 billion bridge loan led by Morgan Stanley. Google has committed to covering tens of billions in lease and power agreements if Anthropic defaults. The project announcement underscores rising demand for AI infrastructure amid evolving inflation data.
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