Anthropic did not need the cash to buy its own AI chips outright: Epoch AI found that investors led by Apollo-managed funds, with Blackstone and global banks, committed debt to finance more than 1 GW of Google TPU systems for the lab, totalling $34.5 billion, of which $30 billion benefits from Broadcom's support
Epoch AI reported in Aug 2026 that investors led by Apollo-managed funds, with Blackstone and global banks, committed $34.5 billion of debt to finance more than 1 GW of Google TPU systems for Anthropic. Of this amount, $30 billion benefits from Broadcom’s support.
Verified 2026-11-03
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Large AI chip buildouts can now be funded with debt secured on the hardware itself, which loosens the cash limit on how fast labs can add computing power.
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