Apollo Global Management and Blackstone are collaborating to secure approximately $36 billion in debt financing aimed at bolstering Anthropic PBC's AI infrastructure. This financing strategy is reported to involve purchasing custom chips from Google, specifically tensor processing units (TPUs), which Anthropic plans to lease.
According to sources familiar with the situation, Broadcom, a partner in developing these chips for Google, is providing financial backing for the largest portions of this transaction.
Investors are currently being invited to place their orders, with expectations that the deal will finalize next week. However, discussions are still ongoing, and the terms of the deal may be subject to change.
Key Takeaways:
- Apollo and Blackstone are leading a significant debt financing effort for Anthropic.
- The funds will primarily be used for acquiring TPUs from Google.
- Broadcom is backing the financial aspects of the deal.
Why It Matters: This financing could significantly enhance Anthropic's capabilities in the AI sector, allowing for more advanced infrastructure and potentially leading to innovations in AI technology.
Next Steps: Interested investors should prepare to submit their orders promptly as the closing date approaches.
