Anthropic is in talks for a chip-financing arrangement with Blackstone that would offer the investment firm a double-digit yield, according to the Financial Times. The deal is aimed at supporting Anthropic’s plans to expand its compute capacity for AI development.

Outlets frame the financing as a response to current market conditions. High borrowing costs are making it harder for AI companies to fund large-scale infrastructure and still meet internal targets, including Anthropic’s reported goal of reaching an investment-grade credit rating. While the specific terms beyond the yield are not fully detailed in the provided excerpts, the arrangement highlights how financing for data-center and chip demand is being structured to compensate lenders for tighter rates.

CNA’s reference to the same reporting underscores that the transaction reflects the intersection of AI infrastructure growth and broader credit-market dynamics, rather than a change in Anthropic’s core business direction.