Apollo and Blackstone Fund 35 Billion Dollar AI Project
Apollo and Blackstone are financing a 35 billion dollar expansion of AI computing capacity for Anthropic using Broadcom custom chips. The partnership aims to enable over 20 gigawatts of capacity for leading AI labs by 2028 to meet rising demand for infrastructure.
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APOLLO GLOBAL MANAGEMENT INC and BLACKSTONE INC will finance a $35 billion AI capacity expansion for Anthropic using BROADCOM INC hardware. The deal mirrors a $27 billion financing agreement between META PLATFORMS INC-CLASS A and Blue Owl Capital from October. Private equity is filling the funding gap for costly AI infrastructure.
