Private capital backs Anthropic’s Broadcom-backed AI compute expansion
TL;DR
Apollo Global Management and Blackstone are financing a $35 billion expansion of Anthropic's AI computing capacity using Broadcom's custom chips, starting with 1 gigawatt of capacity to be deployed at Fluidstack sites mid-2026 and targeting more than 20 GW for leading AI labs by 2028 (including OpenAI); Apollo leads the initial tranche alongside Blackstone's Credit & Insurance unit, in a deal that reinforces Broadcom's AI chip push and ties Anthropic to Google-assisted capacity (about 3.5 GW) as part of a broader private‑capital funding drive to scale AI infrastructure.
- Apollo, Blackstone back Anthropic's $35 billion capacity expansion in new Broadcom tie-up Reuters
- Google’s Backstops Underpin $35 Billion Chip Deal for Anthropic Bloomberg.com
- Apollo and Blackstone’s Large Lending Model Financial Times
- Broadcom, Apollo, Blackstone Launch $35 Billion AI Infrastructure Platform WSJ
- Broadcom to Help Finance Anthropic, OpenAI Chip Deals With Apollo, Blackstone The Information
Want the full story? Read the original reporting
Read on Reuters