Apollo and Blackstone have successfully raised $35 billion in a chip financing deal for Anthropic, the company behind the AI model Claude. This transaction is noted as one of the largest private credit fundraisings and aims to support Anthropic's growth in the AI sector. The deal, referred to as project 'Big Sky', comes amidst rising concerns regarding an overheated AI market.

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Apollo and Blackstone raise $35bn in chip financing deal for Anthropic

Transaction is one of the largest private credit fundraisings, fuelling Claude maker’s AI growth plans

The Claude logo with an orange asterisk-like symbol next to the word "Claude" on a screen, with a larger version of the symbol blurred in the background. The deal, dubbed project ‘Big Sky’, comes amid concerns that the AI frenzy has overheated the broader market© Reuters

Michelle Chan and Eric Platt in New York

PublishedJune 8 2026

UpdatedJune 9 2026

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