Banks Line Up $15 Billion of Debt for Anthropic With Google Aid

A banking consortium led by Morgan Stanley is discussing a $15 billion debt package to fund a data center project in Texas for Anthropic. The deal is reportedly backstopped by Google, which has previously invested in the company. This move signals a significant push to secure the large-scale infrastructure required for AI development, shifting the industry toward massive, bank-financed capital projects rather than relying solely on venture capital or direct corporate investment.