Apollo, Blackstone Seek Investors for $36 Billion Anthropic TPU Financing

1 articles · Updated · Bloomberg · May 28

$36 billion in debt financing is being assembled by Apollo Global Management and Blackstone to fund Anthropic's AI infrastructure expansion.
The debt would buy Google's custom Tensor Processing Units, which Anthropic would then lease rather than purchase outright.
Broadcom, which helps Google develop the TPU chips, is backstopping payments on the largest portions of the transaction, supporting the deal's credit structure.
The financing underscores how AI buildouts are increasingly relying on large, structured capital deals tied directly to chip supply.

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