Broadcom's Wall Street banking syndicate is beginning to raise $60 billion in new AI chip financing to support companies including Anthropic. Banks involved in the proposed package are preparing to invite investors to participate in $42 billion of Class A senior secured debt, while Blackstone Group is leading $18 billion of Class B subordinated financing. Blackstone plans to commit $9 billion through different funds and distribute the remainder through a banking syndicate. The financing has been in preparation for several weeks, with Wall Street and Silicon Valley participants watching the deal for evidence of whether investors remain willing to fund AI infrastructure expansion. Broadcom is seeking to sell more chips and other data-center equipment in competition with Nvidia, while Anthropic and other AI companies require increasing computing capacity. In August this year, informed people said the potential transaction would help companies including Anthropic obtain chips and other key AI infrastructure.