Anthropic, an AI lab, is negotiating a $60 billion debt financing package known as 'Project North Star' to acquire AI chips, offering investment firm Blackstone a double-digit yield on a $9 billion investment. This deal highlights the immense capital needed for AI development and the complex financial structures emerging to fund the computing power required for advanced AI models.

What the records show

The financing structure

What changed and for whom

What Anthropic has said publicly

What we could not confirm