Apollo Global Management and Blackstone are bringing in investors for about $36
billion of debt financing to fund acquisition of Google-customized TPU (tensor
processing unit) chips for ANTHROPIC, sources said. Broadcom, which helped
develop the chips for Google, will guarantee most of the proceeds; the chips
would be bought and then leased to ANTHROPIC. The structure aims to use
Broadcom’s credit profile to back compute financing and, if completed, would be
among the largest private-credit transactions and the biggest chip-financing
debt deals to date.