谷歌透過 SPV 為 Anthropic 簽下 350 億美元 TPU 單 —— 誰來承擔風險？
谷歌透過摩根士丹利和博通為 anthropic 融資 350 億美元 tpu 芯片，將 2000 億美元的未來負債移出資產負債表。
google financed $35b of tpu chips for anthropic via morgan stanley and broadcom, shifting $200b in future liability off its books. the arrangement uses a special-purpose vehicle to buy roughly one million tpus, with broadcom providing a $30b backstop against anthropic default. google is also securing power from crypto miners like terawulf to support 2.4 gigawatts of new capacity. this strategy helps google challenge nvidia without stressing its balance sheet, though it retains up to $44b in obligations if leases fail.