Apollo Global and Blackstone Plan to Raise $36B Debt Financing for Anthropic
Apollo Global (APO) and Blackstone (BX) are aiming to bring extra investors into a roughly $36B debt financing deal to help Anthropic develop its AI infrastructure, Bloomberg's Paula Seligson, Scott Carpenter, and Silas Brown report. The debt will be used to buy Google's (GOOGL) custom TPU chips, which the Claude maker will then lease, the authors say, citing people with knowledge of the matter. Broadcom (AVGO), which helps Google make the chips, is backstopping payments on the biggest portion of the transaction, the authors note.