Apollo, Blackstone work on $36 billion debt deal for Anthropic, Bloomberg News reports


Anthropic logo is seen in this illustration taken March 1, 2026. REUTERS/Dado Ruvic/Illustration

May 28 (Reuters) - Apollo ⁠Global Management and Blackstone are working to bring ⁠in additional investors for about $36 billion debt financing ‌tied to AI startup Anthropic PBC's efforts to expand its AI infrastructure, Bloomberg News reported on Thursday.

The debt would be used ​to buy custom chips from Google. ⁠Anthropic would then lease ⁠these chips, known as tensor processing units, or TPUs, ⁠the ‌report said, citing people familiar with the matter.

Broadcom, which helps Google develop the chips, ⁠is backstopping payments on the largest portions ​of the transaction, ‌the report added.

Anthropic said on Thursday it had ⁠raised $65 billion ​at a $965 billion post-money valuation, surpassing rival OpenAI, as the AI startup looks to expand computing capacity to ⁠meet growing demand for its Claude ​chatbot.

The Bloomberg report said that Apollo and Blackstone plan to sell down part of the debt while retaining significant ⁠portions themselves.

Investors are being asked to submit orders this week, with the deal expected to close next week, the report said, adding that discussions are ongoing ​and the terms could still ⁠change.

Anthropic and OpenAI are eyeing potential IPOs as early ​as this year.

Apollo, Blackstone, Anthropic, Google ‌and Broadcom did not immediately ​respond to Reuters' requests for comment.

(Reporting by Prakhar Srivastava in Bengaluru; editing by Alan Barona)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read