Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv
Item 1 of 2 A logo of Blackstone is pictured in Manhattan, New York City, U.S. July 29, 2025. REUTERS/Mike Segar/File Photo
[1/2] A logo of Blackstone is pictured in Manhattan, New York City, U.S. July 29, 2025. REUTERS/Mike Segar/File Photo Purchase Licensing Rights, opens new tab
June 9 (Reuters) - Apollo (APO.N), opens new tab and Blackstone (BX.N), opens new tab are financing a $35 billion expansion of AI computing capacity for Anthropic using Broadcom's (AVGO.O), opens new tab custom chips and networking solutions as part of a tie-up between the asset managers and the chipmaker.
The initial commitment will expand the Claude Code creator's AI computing capacity by one gigawatt, the companies said on Tuesday. One gigawatt is enough to power about 750,000 homes.
Sign up here.
The capacity is expected to be deployed at Fluidstack-operated sites beginning mid-2026, with the cloud computing company providing the physical data-center infrastructure that will run Anthropic's AI systems.
Overall, the partnership plans to enable more than 20 GW in computing capacity for leading AI labs, including OpenAI, through 2028.
Private-equity firms have emerged as a crucial source of funding for AI companies strained by a shortage of costly and supply-constrained AI infrastructure needed to meet rising demand.
Meta (META.O), opens new tab in October struck a $27 billion financing deal with Blue Owl Capital (OWL.N), opens new tab to fund its biggest data-center project.
Tuesday's deal also bodes well for Broadcom's push to grow its AI business, which has drawn demand from tech companies looking to reduce their reliance on Nvidia (NVDA.O), opens new tab with in-house chips.
The partnership aims to scale the deployment of custom AI chips and computing systems while cutting the cost and power needed to train AI models, Broadcom said.
Apollo is leading the initial investment tranche for the platform, alongside Blackstone's Credit & Insurance business.
In April, Broadcom signed a long-term agreement with Alphabet's (GOOGL.O), opens new tab Google to develop and supply future generations of custom AI chips for the company's AI racks through 2031.
It also signed a deal to give Anthropic access to about 3.5 GW of AI computing capacity drawing on Google's processors, starting next year.
Reporting by Anhata Rooprai in Bengaluru; Editing by Shilpi Majumdar
Our Standards: The Thomson Reuters Trust Principles., opens new tab
-
X
-
Facebook
-
Linkedin
-
Email
-
Link
Read Next
- ago
South Korea's SK Hynix eyes US listing as soon as August, sources say
- ago
Retail investors hit borrowing limits at South Korean brokerages, think tank says
China Inc deploys 'quiet' layoffs as Beijing promotes AI adoption
- ago
Meta ties up with Ambani's Reliance for AI data center in India
OpenAI weighs leasing Ohio data center with Nvidia backing, The Information reports
- ago
Google Cloud outage in India after third-party data centre fire triggers shutdown
Business
Legalcategory · June 10, 2026 · 7:22 AM UTC · ago
Honda Motor America has recalled 880,514 vehicles in the United States over the failure of rear suspension components in the vehicles, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday.
7:21 AM UTC
7:12 AM UTC
7:09 AM UTC
7:04 AM UTC
Read Original at Reuters →