Broadcom (NASDAQ:AVGO) and its Wall Street banking syndicate are beginning efforts to arrange approximately $60 billion in new financing intended to support Anthropic (NASDAQ:ANTP) and other artificial intelligence companies, Bloomberg reported on Friday, citing people familiar with the matter.
Banks participating in the financing are expected to distribute syndication materials for a $42 billion Class A senior-secured tranche, according to the report.
The financing plans follow disclosures in Anthropic’s initial public offering filing showing that Broadcom had agreed to provide the AI company with up to $42 billion in lending to finance infrastructure spending. Reuters had previously reported details of the arrangement.
Broadcom and Anthropic Expand Financial and Technology Links
Anthropic is expected to become Broadcom’s largest chip-design customer by next year, according to the supplied information.
Under the reported financing structure, Broadcom could appoint a financing partner, while the associated debt instruments could potentially be converted into Anthropic shares.
Earlier this year, Anthropic announced an expanded partnership with Broadcom and Google that is expected to provide the company with access to multiple gigawatts of next-generation tensor processing unit computing capacity beginning in 2027.
The financing arrangements and commercial relationship have prompted questions about the degree of financial interdependence between Broadcom and Anthropic and potential conflicts of interest, according to the supplied information. The source does not establish that any conflict has occurred.
The reported $60 billion financing remains subject to the syndication process, and the supplied information does not indicate that the full amount has been secured or deployed.