Broadcom to lend Anthropic $42 billion to lease chips: Report

Broadcom is reportedly planning to lend Anthropic up to $42 billion to lease its chips, according to a Reuters report. This move adds to the trend of chipmakers financing the AI buildout that is driving demand for their products. Nvidia, in particular, is financing a slew of frontier labs, effectively becoming a "central bank of AI" as demand surges for the scarce chips powering compute.

However, bankers are raising questions about Nvidia's $500-billion chip-backed financing plan, with some seeking stronger guarantees than originally outlined. Anthropic is described as one of the most important companies in the world, with deals like this highlighting the need for its parents to cosign its lease.

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