Google has structured a multibillion-dollar financing deal involving Broadcom, Apollo, Blackstone, and Morgan Stanley to provide AI chips and data center resources to Anthropic, according to The Decoder. This arrangement allows Google to support Anthropic’s growth while keeping most financial risks off its own balance sheet.

The agreement includes roughly $200 billion in contracts that depend on Anthropic’s ongoing expansion and its ability to meet lease payments, The Decoder reported. This setup highlights a strategic approach by Google to back AI innovation without directly carrying the full financial burden.

For Japanese markets, this move underscores the growing importance of AI infrastructure investments and the role of complex financing structures in advancing technology firms globally, potentially influencing capital flows and partnerships in the region’s tech sector.