Bank Group Arranges $63 Billion for Anthropic AI Compute

Oct 27, 2026
Bank of America, Blackstone, Citi and Morgan Stanley will finance AI compute capacity built with Broadcom accelerators and leased to Anthropic.

Bank of America, Blackstone, Citi and Morgan Stanley announced in a joint press release a $63 billion financing structure for AI compute capacity using technology from Broadcom. The capacity will use Broadcom XPU AI accelerators and networking systems that will be leased to Anthropic, with deliveries expected to begin in 2027.

The transaction will use a newly formed special purpose vehicle to purchase the hardware. Bank of America, Citi and Morgan Stanley will arrange the first lien portion of the financing, while Blackstone will provide the committed portion of the second lien financing.

Broadcom will provide residual value support to the special purpose vehicle for an amount equal to the first lien financing. The transaction is part of a strategic compute capacity agreement previously disclosed by Broadcom.

We hope you enjoyed this article

Consider subscribing to one of our newsletters like Silicon Brief or Daily AI Brief.

Also, consider following us on social media:

AI Chips & Datacenters AI Brief AI Brief (X)
Free newsletter

Silicon Brief

Weekly coverage of AI hardware developments including chips, GPUs, cloud platforms, and data center technology.

Guide
AI interconnect and networking startups

AI interconnect and networking startups

29 private startups developing the chips, optical switches and memory fabrics that move data through AI infrastructure.

AI Token Webinar

Market report

2025 Generative AI in Professional Services Report

Thomson Reuters

This report by Thomson Reuters explores the integration and impact of generative AI technologies, such as ChatGPT and Microsoft Copilot, within the professional services sector. It highlights the growing adoption of GenAI tools across industries like legal, tax, accounting, and government, and discusses the challenges and opportunities these technologies present. The report also examines professionals' perceptions of GenAI and the need for strategic integration to maximize its value.

Read more

You may also like

Free, six days a week

Daily AI Brief: the AI news that matters, in your inbox.