Broadcom launches AI XPV Platform with $35B tranche to expand Anthropic’s compute capacity
The chipmaker is teaming up with Apollo and Blackstone to build over 20 gigawatts of AI compute infrastructure by 2028, starting with Anthropic's expansion.
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By
Editorial Team
·
Edited by
Estefano Gomez
Jun. 9, 2026
Broadcom launched a $35 billion AI infrastructure platform with Apollo Global Management and Blackstone, creating a private credit backed vehicle to finance one of the largest compute buildouts in the AI industry.
The AI XPV Platform will use Broadcom’s custom XPUs and networking technology to support large scale deployments for leading AI labs. The group is targeting more than 20 gigawatts of compute capacity by 2028, a figure that shows how aggressively AI companies are racing to secure power, chips, and data center access.
The first tranche will support Anthropic’s expansion to more than 1 gigawatt of compute capacity at Fluidstack sites, with deployment expected to begin in mid 2026. Apollo is leading the financing, with Blackstone’s credit and insurance unit also backing the platform.
AdvertisementThe deal builds on Broadcom’s existing relationship with Anthropic and Google. In April, Broadcom signed a long term agreement with Google to co develop and supply custom AI chips through 2031, while Anthropic secured access to about 3.5 gigawatts of Google TPU capacity beginning in 2027.
For Broadcom, the platform pushes the company beyond the role of chip supplier. It is pairing hardware with financing, giving AI labs a way to scale capacity without carrying the full upfront cost of infrastructure on their own balance sheets.
The private credit structure is also the point. Broadcom did not turn to tokenized financing, decentralized compute, or a blockchain narrative. It went to Apollo and Blackstone, two of the largest players in private credit, to fund the next stage of the AI buildout.
That matters for investors watching the intersection of AI and infrastructure. The capital bottleneck is no longer only about chips. It is also about power, data centers, credit capacity, and long term lease structures that can absorb the cost of training and running frontier models.
Anthropic is the immediate beneficiary, but the platform is being positioned for other major AI labs as well. OpenAI has been cited as a potential user of future capacity, though no formal commitment has been announced.
The bigger readthrough is that AI infrastructure is becoming a balance sheet war. Broadcom is betting that custom silicon, networking, and private credit can form a new model for financing compute at scale, giving it a stronger position against Nvidia and the hyperscaler controlled supply chain.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.