The expansion relies heavily on support from Broadcom, which guarantees the majority of the Apollo deal and may provide an additional $42 billion in convertible notes for a second $60 billion financing package. Broadcom CEO Hock Tan recently warned that capital access, not chip supply, could become the primary bottleneck for AI growth, likening investors with unrealistic expectations to casino gamblers. Anthropic plans to spend more than $500 billion on computing and infrastructure over the next decade as it seeks to justify its buildout through widespread market adoption.
Tuesday, October 20, 2026
Story
Anthropic's BB+ June Credit Rating Issued Without Free Cash Flow Data
AI4 days ago
Anthropic generated $16.8 billion in revenue for the third quarter, a 46% increase over the $11.5 billion it posted in the second quarter, as it coordinates up to $95 billion in debt facilities to fund AI hardware. Financial Times documents show that Kroll Bond Rating Agency assigned the company a BB+ credit rating in June, just one notch below investment grade, despite Anthropic not providing EBITDA or free cash flow figures. Kroll had to estimate those missing metrics to arrive at the rating, which preceded a $35 billion Apollo-led chip financing deal.
Looking for more context or analysis?
Tilt chat provides reliable, tailored insights, alerts, and automations.