Anthropic may receive a junk-grade credit rating after its IPO

The Financial Times reports that Blackstone told investors in a $63 billion chip financing deal it expects Anthropic to receive a “high” junk rating after its IPO, reversing its earlier expectation of an investment-grade rating before year-end. A junk rating could narrow the pool of capital available to finance Anthropic's plan to spend more than $800 billion on computing infrastructure between now and 2045.