Home / Business and Economy / AI Race: $35B Fuels Anthropic's Chip Power

AI Race: $35B Fuels Anthropic's Chip Power

6 Jun

•

Summary

A $35 billion financing package was finalized for Anthropic's AI infrastructure.
The deal involves Apollo Global Management and Blackstone Inc. as financiers.
Broadcom Inc. is backstopping payments on senior debt portions of the package.

AI Race: $35B Fuels Anthropic's Chip Power

A significant $35 billion financing package has been finalized by Apollo Global Management Inc. and Blackstone Inc. for Anthropic PBC. This substantial funding is earmarked for expanding Anthropic's artificial intelligence infrastructure, particularly for Google-leased custom chips. The debt deal, priced across three tranches, represents one of the largest private credit transactions in history.

This transaction underscores the escalating competition among top financiers to fund the construction of data centers and the acquisition of essential chips. Tech companies are actively seeking capital across all credit markets to satisfy AI's unprecedented demands. Broadcom Inc. plays a key role, backstopping payments on the senior portions of the debt, and is collaborating with investors to deploy over 20 gigawatts of compute capacity through 2028.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.