Broadcom seeks more than $60 billion in latest AI debt deal
The numbers under discussion would potentially bring the total raise to as much as $100 billion, according to the report.
Broadcom is engaged in discussions with several lenders to secure over $60 billion in debt for an AI chip financing deal, which would benefit companies like Anthropic, according to Bloomberg News. The financing may include a junior debt tranche of approximately $30 billion, with the chip designer guaranteeing a portion of a senior-secured tranche valued at between $60 billion and $70 billion, potentially raising the total amount raised to up to $100 billion.
This new debt would be issued by a special-purpose vehicle, similar to the previous $35 billion agreement with Apollo Global Management and Blackstone, which was used to expand Anthropic's computing capacity. The partnership between Broadcom, Apollo, and Blackstone aims to generate over 20 gigawatts of compute power for leading AI labs by 2028, following their initial commitment to add one gigawatt of computing capacity.
Tech companies are increasingly relying on debt markets to finance their high-cost AI investments, with Alphabet, Amazon, and Microsoft also planning significant spending in the field through 2026.
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