Apollo and Blackstone syndicate $36bn Anthropic chip financing in record private credit deal

Apollo and Blackstone are sounding out additional investors to participate in a roughly $36bn debt financing earmarked for Anthropic's artificial intelligence build-out, according to Bloomberg.

The proceeds will be used to purchase Google’s custom tensor processing units, or TPUs, which Anthropic will then lease through a special-purpose vehicle, sources familiar with the matter told Bloomberg.

Broadcom, which co-develops the chips with Google, is providing a credit backstop on the largest portions of the transaction, a feature that effectivel…