Banks weigh financing for $15 billion Anthropic-linked data center campus in Texas, Yahoo reports

Banks are reportedly in talks to help finance a major new data center project in Texas that is tied to Anthropic, the AI startup, according to a report carried by Yahoo Finance that cites the Wall Street Journal.

The project is being developed by Nexus Data Centers, which Yahoo describes as being in advanced discussions to raise about $15 billion for a campus, with the financing package still being shaped through lender negotiations.

The same report says Google, through its Google unit, is backing the effort in two ways: by offering financial guarantees to support the financing and by supplying chips for the infrastructure.

While the report characterizes the talks as advanced, it does not lay out the final structure of the deal, the identity of the specific banks involved, or the precise terms of Google’s guarantees.

The planned Texas campus is described in the report as being tied to Anthropic, suggesting the project is aligned with demand for large-scale AI compute and data center capacity associated with Anthropic’s models and related operations.

If the project proceeds on the scale described, it would underscore how data center expansion is increasingly linked to specific AI developers and their supply chains, rather than being purely generic infrastructure buildouts.

For Alphabet, the reported role adds to its broader pattern of supporting AI systems not only through products and cloud services, but also through underlying compute supply and financial mechanisms that can reduce financing risk for large infrastructure projects.

What remains unclear is how much of the $15 billion is expected to be equity versus debt, what portion of the capacity would be allocated directly to Anthropic versus other customers, and how the chip supply and guarantee terms would map to performance, timelines, or demand changes.

Until additional filings or confirmations are made, investors and industry observers will likely watch for lender participation, any named credit facilities or guarantee structures, and whether Nexus Data Centers provides project timelines, permitting status, or capacity commitments for the campus.