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Apollo shops $36 billion debt deal to buy Google chips for Anthropic

Apollo shops $36 billion debt deal to buy Google chips for Anthropic

Anthropic is set to use a $36 billion private credit financing led by Apollo Global Management and Blackstone to fund Google AI chips backed by Broadcom, highlighting the scale of capital flowing into AI infrastructure.

Fact Check
Bloomberg originated the story on 2026-05-28, syndicated on Yahoo Finance confirming the ~$36B Apollo+Blackstone financing for Google TPUs leased by Anthropic. Independent secondary sources (Finimize, BlockBeats/PANews) corroborate identical core facts including the Broadcom backstop. No conflicting evidence found.
Summary

Anthropic is set to tap a $36 billion private credit deal led by Apollo Global Management and Blackstone to finance Google AI chips backed by Broadcom. The reported structure centers on one of the largest debt financings on record and reinforces earlier reporting that the capital would support Anthropic’s AI infrastructure through Google chips rather than direct ownership by the company. The update chiefly adds that Anthropic is now described as the borrower under the private credit arrangement, while Broadcom remains tied to the transaction as backing for the chip financing.

Terms & Concepts
  • Private credit: A form of non-bank lending in which financing is provided directly by private investors or asset managers rather than through public debt markets.
  • Debt financing: A funding arrangement in which capital is raised through borrowed money that is expected to be repaid under agreed terms.
  • AI infrastructure: The hardware and supporting systems, including specialized chips and related capacity, needed to run and scale artificial intelligence models.