IPO prospectus: Broadcom agreed to lend Anthropic up to $42B via convertible notes that could help finance Anthropic's $125.2B, five-year TPU lease commitment
THE SO WHAT
A $42B convertible facility against a $125.2B five-year chip lease is AI infra turning into project finance—compute is being financed like power plants. If you’re a heavy AI consumer, expect your own vendors to push longer, take-or-pay style contracts and start treating compute as balance-sheet risk, not just opex.
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