Google's Guarantee on Anthropic's Lease Is What Unlocked $14B in Bridge Debt

Google's guarantee on Anthropic's Hubbard, Texas lease is what moved $14B in bridge debt, and that credit backstop is fast becoming the price of entry for hyperscale finance. Developers without a tech-major guarantee or secured behind-the-meter generation are competing for capital at a structural disadvantage while the self-supplying operators turn dirt.