Anthropic expected to receive high ‘junk’ rating from credit agencies following IPO, FT report says

Blackstone, an anchor investor in a $63 billion deal to finance Anthropic's chips, expects the AI lab to receive a high 'junk' rating from credit rating agencies after its IPO, contradicting a previous prediction of an investment-grade rating. This would make it more difficult and costlier for Anthropic to raise money to fund its massive spending, which has included large compute power deals in the past 12 months.