Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports
The financing would let Anthropic expand AI infrastructure without putting the chip purchase on its balance sheet, while Broadcom backs part of the debt.
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Watch Apollo, Blackstone Seeks Partners for $36B Debt Deal to Buy AI Chips for Anthropic
Apollo and Blackstone are working to bring additional investors into a roughly $36 billion debt financing deal to help Anthropic build out its AI infrastructure. The debt will be used to purchase Google’s custom chips known as tensor processing units, or TPUs, which Anthropic will then lease, according to people with knowledge of the matter. Bloomberg's Neil Campling reports.
Apollo and Blackstone shop a $36bn debt deal to buy Anthropic its chips
The way to read the latest Anthropic financing is to notice who is not borrowing the money. Apollo Global Management and Blackstone are arranging roughly $36 billion of debt, but the loan does not sit on Anthropic’s balance sheet. It buys chips, and the chips get leased back. The two firms are bringing additional investors […] This story continues at The Next Web
Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports
May 28 (Reuters) – 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 th…
Apollo Global Management and Blackstone are working to incorporate additional investors into a debt transaction of approximately $36 billion to finance Anthropic's AI infrastructure. Funds will be used to purchase Google's custom chips, known as TPUs or tensile processing units, which Anthropic will later lease. Broadcom, which collaborates with Google in developing those chips, supports payments for the largest portions of the transaction.The t…
Apollo, Blackstone work on $36 billion debt deal for Anthropic: Report
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.
Blackstone and Apollo line up $36 billion chip debt deal for Anthropic
Anthropic is set to tap a $36 billion private credit deal led by Blackstone and Apollo to finance Google AI chips backed by Broadcom, in one of history’s largest debt financings. Private equity giants Apollo Global Management and Blackstone are…
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