GIC, Anthropic and Macquarie Form Theseus Infrastructure for AI Data Centres
Anthropic has formed a strategic partnership with Macquarie Asset Management and Singapore’s sovereign wealth fund GIC to build data centres for the Claude developer. The new entity, called Theseus Infrastructure, will serve as a vehicle to develop artificial intelligence computing sites “with an initial focus” in the US, the companies said on August 10.
- Anthropic, Macquarie Asset Management and Singapore’s GIC formed Theseus Infrastructure to develop AI data centres
- Macquarie and GIC will fund a bulk of the equity for each project, with an initial focus on the US
- Anthropic committed to covering any consumer electricity price hikes from the facilities
A new vehicle for AI computing sites
Under the arrangement, Macquarie and GIC pledged to fund a bulk of the equity for each project, while Anthropic committed to covering any consumer electricity price hikes from the facilities. The companies did not share details on planned spending or the size of the projects.
The deal reflects a broader trend of banks and institutional investors rushing to back the infrastructure powering AI services, which companies like Anthropic promise will deliver huge economic gains. The largest tech companies are spending historic sums on data centres and chips with similar logic.
Why it matters for Singapore
GIC’s participation places Singapore’s sovereign wealth fund among the institutional investors backing large-scale AI infrastructure. For Anthropic, the partnership adds another channel to secure computing capacity for Claude as demand for AI services continues to grow. The structure of the deal, in which financial partners fund the equity while the AI company addresses potential electricity cost impacts, also highlights how AI infrastructure financing is evolving beyond traditional data centre leases.
Singapore has positioned itself as a hub for digital infrastructure and AI investment in the region, and the involvement of its sovereign wealth fund in a major AI data centre vehicle signals continued interest from local institutions in this asset class. In related reporting, The Business Times has noted that Singapore’s sovereign wealth funds are increasing their AI-related bets, even as the city-state’s central bank has expressed caution about how much of global growth and equity valuations now depends on a small number of companies’ enormous AI investments.
For Anthropic, the arrangement follows a pattern of large AI developers seeking partnerships with financial institutions to fund the capital-intensive infrastructure needed to train and run models, rather than bearing the full cost on their own balance sheets.
Source: The Business Times
Cover image generated by AI for illustrative purposes only.
