Apollo, Blackstone work on $36 billion debt deal for Anthropic: Report

Apollo Global Management and Blackstone are working to bring in additional investors for about $36 billion debt financing tied to AI startup Anthropic PBC's ‌efforts ⁠to expand ⁠its AI infrastructure, Bloomberg News reported on Thursday.

The debt would be used ​to buy custom chips from Google. Anthropic would then lease ​these chips, known as ⁠tensor processing ‌units, or TPUs, ​the ​report said, citing people ⁠familiar with the matter.

Broadcom , which helps ​Google develop the chips, is ​backstopping payments on the largest portions of the transaction, the report added.


Investors are being asked to submit orders ‌this week, with the deal expected to close next ​week, the ​Bloomberg ⁠report said, adding that discussions are ongoing and the terms could still change.

Apollo, ​Blackstone, Anthropic, Google and Broadcom did not immediately respond to Reuters' requests for comment.