Banks in Talks to Lend $15 Billion for Anthropic Data Center Backed by Google

Banks are reportedly in advanced talks to lend $15 billion to Nexus Data Centers for a major AI infrastructure project in Hubbard, Texas, tied to Anthropic and backed by Google. Google’s financial guarantees on Anthropic lease and power obligations are intended to make the financing bankable, while the project includes a 1.6-gigawatt behind-the-meter natural-gas power plant and four data-center leases. The deal also involves Google potentially taking about a 20% equity stake in the campus and power project. Separately, Anthropic plans to equip the site with Google-designed TPU chips financed through Broadcom. The story underscores intensifying capital spending across AI infrastructure and could be supportive for Alphabet’s AI ecosystem positioning, while also highlighting the scale of financing needed to build next-generation compute capacity.