Key facts
- Apollo and Blackstone are financing a $35 billion expansion of AI computing capacity for Anthropic.
- The deal utilizes Broadcom's custom chips and networking solutions.
- The initial investment will increase Anthropic's AI computing capacity by one gigawatt.
- The partnership aims to provide over 20 GW of computing capacity for AI labs by 2028.
- Private equity firms are increasingly funding AI infrastructure due to high costs and supply constraints.
Investment firms Apollo and Blackstone are financing a significant $35 billion expansion of AI computing capacity for the artificial intelligence company Anthropic. This deal leverages Broadcom's custom chips and networking solutions, aiming to bolster Anthropic's capabilities and support Broadcom's growing AI business.
The initial commitment will add one gigawatt of computing capacity, enough to power approximately 750,000 homes, with deployment expected to begin in mid-2026 at Fluidstack-operated sites. The broader partnership intends to facilitate over 20 gigawatts of computing capacity for leading AI labs, including OpenAI, by 2028.
This move highlights the critical role of private equity in funding AI infrastructure, which is strained by high costs and supply constraints. The partnership also seeks to scale the deployment of custom AI chips and computing systems while reducing the cost and power required for training AI models. Apollo is leading the initial investment tranche, with Blackstone's Credit & Insurance business also participating. Broadcom has existing agreements with Google to supply AI chips and provide Anthropic with access to Google's processors.