Inside China’s Gray Market for Anthropic, Cracks Emerge in AI’s Data Center Financing

The Information’s Asia Bureau Chief Jing Yang talks with TITV Host Akash Pasricha about the token resellers offering access to Anthropic models in China and the forces driving demand for distillation. Co-Executive Editor Martin Peers joins Jing to discuss how US AI IPOs could affect Chinese markets and debate what distillation allegations mean for investors. We also talk with The Information’s AI Finance Reporter Dakin Campbell about tightening bank lending, rising bond yields and the pressure on data center returns. Lastly, CoreWeave Executive Vice President of Product and Engineering Chen Goldberg discusses the company’s Vera Rubin rollout, its Forge platform and the engineering behind always-on AI agents.Articles discussed in today’s show:- https://www.theinformation.com/articles/chinas-token-resellers-create-anthropic-gray-market-https://www.theinformation.com/newsletters/the-information-finance/ai-data-center-debt-showing-everywhereSubscribe:- YouTube: https://www.youtube.com/@theinformation- The Information: https://www.theinformation.com/subscribe_hSign up for the AI Agenda newsletter: https://www.theinformation.com/features/ai-agendaTITV airs weekdays on YouTube, X and LinkedIn at 10AM PT / 1PM ET. Or check us out wherever you get your podcasts.Follow us:X: https://x.com/theinformationIG: https://www.instagram.com/theinformation/TikTok: https://www.tiktok.com/@titv.theinformationLinkedIn: https://www.linkedin.com/company/theinformation/Chapters —1:01:13 - Introduction1:02:16 - China’s gray market for Anthropic1:14:41 - AI IPOs & China’s markets1:21:46 - The debate over distillation1:30:39 - AI’s data center debt squeeze1:42:17 - CoreWeave, Vera Rubin & AI agents