Blackstone predicts Anthropic will receive a junk rating after its IPO, and its $800 billion computing power plan will face financing pressure.

Blackstone, in its $63 billion chip funding round for Anthropic, indicated that Anthropic is expected to receive a BB-range speculative-grade rating post-IPO. Anthropic plans to invest over $800 billion in computing infrastructure by 2045. While it currently holds $112 billion in cash and equivalents, these long-term computing spending plans have raised concerns among investors about its financing pressures and debt capacity. (Source: Financial Times)