private equity giants Blackstone and Apollo are planning a massive chip financing deal for Anthropic

Odaily Planet Daily News: Private equity giants Apollo Global Management and Blackstone are bringing in more investors for a debt financing deal worth approximately $36 billion to help Anthropic build its artificial intelligence infrastructure.

According to sources, this debt financing will be used to purchase Google's custom TPU (Tensor Processing Unit) chips, which will then be leased by Anthropic. Broadcom, which assisted Google in developing the chip, will guarantee most of the deal. This move is expected to become one of the largest private credit transactions in history and potentially the largest chip financing debt deal to date. The plan aims to leverage Broadcom's credit standing to provide computing power support for Anthropic.