Jul. 30 at 8:51 PM
Nexus Data Centers, a developer working with Anthropic, is reportedly close to securing
$15 billion in financing for a new AI data center campus and 1.6-gigawatt natural gas power plant in Hubbard, Texas. The financing, led by Morgan Stanley, could be announced soon, according to the Wall Street Journal.
Google is playing a key role by providing guarantees covering billions of dollars in Anthropic’s data center lease and power purchase obligations if the AI startup fails to meet its commitments. In return, Google is expected to receive roughly a 20% equity stake in the data center and energy project.
The site will deploy Anthropic’s AI infrastructure using Google-designed TPUs, which are co-developed with Broadcom. A separate vendor financing agreement with Broadcom will help fund the chip purchases. The structure highlights how major tech companies are increasingly using their balance sheets to support AI infrastructure expansion.
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