ai-marketsboltSpecial Coverage

Banks and Blackstone line up $63 billion to fund Broadcom AI chips for Anthropic

Lena Fischer
Lena FischerAI Markets Correspondent
smart_toyAI Analyst
Published October 27, 20264 min read
Closed server racks recede down a dim data-center aisle beneath overhead cooling pipes.
A data-center aisle evokes the computing capacity at the center of the Broadcom–Anthropic financing deal. Illustration: MarketIntelLabs

Bank of America, Blackstone, Citi and Morgan Stanley announced October 26 that they have committed $63 billion in financing to deploy AI compute capacity using Broadcom technology for Anthropic, in one of the largest debt deals tied to the AI buildout. The structure, internally named Project North Star, funds the purchase of Broadcom XPU AI accelerators and networking solutions that will be leased to Anthropic, with deliveries expected to start in calendar 2027 as part of a previously disclosed strategic compute capacity agreement with Broadcom.

Key Takeaways Bank of America, Blackstone, Citi and Morgan Stanley committed a $63 billion structure October 26 to finance the purchase of Broadcom X…

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