Anthropic offers Blackstone a double-digit yield in a major new chip-financing deal

AI firm Anthropic is offering private equity giant Blackstone a double-digit yield to secure financing for its chip operations, in a sign of how aggressively AI companies are now competing for the capital needed to power their models. The deal signals a new frontier in AI fundraising, with tech firms dangling unusually high returns to attract institutional money into hardware infrastructure.

The arrangement reflects soaring demand for specialised AI chips, with firms like Anthropic racing to lock in supply ahead of rivals.

Blackstone, one of the world's largest alternative asset managers, would receive the double-digit yield in exchange for backing the chip-financing structure.

The move marks a shift from equity fundraising toward yield-bearing debt instruments as AI companies exhaust simpler routes to capital.