BANKS SCRAMBLE TO LEND $10B TO ANTHROPIC

Summary from the TLDR Fintech newsletter

Anthropic is asking Wall Street for more than $10B of credit. Reuters reported that Anthropic is arranging a revolving credit facility expected to exceed $10B ahead of its IPO. The largest banks have reportedly been asked to commit around $1.25B each, second-tier banks around $1B, and others $750MM or less.