Anthropic Offers Blackstone Over 10% Return in $60 Billion AI Chip Deal

Anthropic has offered Blackstone a return above 10 percent to anchor a US$60 billion financing package dedicated to AI chips, digitimes reports. The figure sets a clear price for the capital that frontier-model developers now need to secure compute.

What does the deal cover?

The package, worth US$60 billion, finances semiconductor purchases — the hardware layer that determines how much training and inference capacity a model developer can command. Anthropic would deploy the raised capital into chips, while Blackstone, if it commits, would receive more than 10 percent on its position. The headline terms are simple: US$60 billion in scale, a double-digit yield as the cost of participation.

Who is paying what?

The structure places Anthropic on the borrower side and Blackstone on the financing side. An offer of more than 10 percent return signals that Anthropic expects to earn more from the compute the chips enable than the financing costs. Every claim in the deal rests on that spread.

• Financing size: US$60 billion
• Offered return to Blackstone: above 10 percent
• Use of proceeds: AI chips
• Parties: Anthropic (borrower), Blackstone (financier)

How large is this in context?

A US$60 billion single-purpose raise for chips ranks among the biggest financing commitments tied to AI hardware. The 10-plus-percent coupon also marks the return threshold at which major alternative asset managers will price large AI compute exposure today. Both numbers — the US$60 billion and the double-digit yield — now serve as reference points for any comparable deal in the sector.

What happens next?

Blackstone has not, according to the available reporting, confirmed final commitment terms. The offer stands as reported: more than 10 percent return on a US$60 billion package. If completed, the deal would tie one of the largest private credit allocations on record directly to semiconductor procurement.

For Anthropic, the arithmetic is straightforward — US$60 billion buys chip capacity now, and more than 10 percent is the annual price of that acceleration.