Blackstone Leads Junior Debt in Broadcom's $60 Billion Package for Anthropic Chips
Banks will syndicate a $42 billion senior tranche, while Blackstone plans to put about $9 billion of its own funds into an $18 billion junior slice.
TECHNOLOGY · AI · CYBERSECURITY · THE SYSTEMS SHAPING BUSINESSPage 2 of 2: earlier stories.
Banks will syndicate a $42 billion senior tranche, while Blackstone plans to put about $9 billion of its own funds into an $18 billion junior slice.
The final tranche brings SoftBank's cumulative bet on the ChatGPT maker to $64.6 billion, and the group no longer needs the last undrawn slice of a $40 billion loan.
The AI developer is targeting a debut before Thanksgiving at a valuation investors put near $2 trillion, though people familiar said the timing could still change.
The convertible notes could cover about a third of Anthropic's $125.2 billion TPU lease commitment, and the prospectus flags conflicts from Broadcom acting as both supplier and lender.
Bankers told Reuters that the 25% residual-value guarantees Nvidia first floated are not enough, and that early deals in its $500 billion program will need much more protection.
The chipmaker said outside capital remains an option for its U.S. SSD unit and pledged shareholder protections, after a governance group urged it to drop a listing.
Semiconductors made up about half of all shipments, and the country’s nine-month export total has already passed last year’s full-year record.
The RBA's October stability review puts US$1 trillion to US$1.5 trillion of data center obligations in off-balance-sheet vehicles and flags circular deals between chipmakers and their customers.
Revenue nearly quintupled from a year earlier, most of 2027 HBM supply is already contracted at higher prices, and the stock barely moved after hours.
The Ohio maker of power distribution gear for data centers sold 30 million shares, two-thirds of them from private equity owner Olympus Partners.
A $20 billion Citi term loan and two Wells Fargo revolvers replace a $5 billion line, giving Tesla room to fund Cybercab, Optimus and Semi plants.
The target is roughly 1.6 times the valuation OpenAI set in March, and it comes as the company's revenue run rate approaches $70 billion.
The smart ring maker had been set to price shares at $40 to $44, valuing it near $15 billion, and gave only market uncertainty as the reason.
An NBER paper backs out the figure from how share prices moved for companies with large engineering payrolls, and translates it into a 3.61% lift to GDP.
Most of the 2025 loss came from a non-cash charge on convertible financing, while compute costs tripled and two customers supplied nearly a quarter of revenue.
The chipmaker says the increase is the largest in history and expects to use the full amount through fiscal 2028, funded by cash from AI demand.
The ImageNet creator will become AMD's chief scientist as the chipmaker buys a startup it helped fund at a $5 billion valuation seven months ago.
Economist Stijn Van Nieuwerburgh projects $10.3 trillion of AI infrastructure spending through 2032 and warns that tangled financing could turn project losses into a shared shock.
Options for Larry Ellison and co-CEOs Clay Magouyrk and Mike Sicilia were struck at $280 and $308, while the stock closed Friday at $137 as AI data center spending drives cash burn.
The financing underscores the scale of capital flowing into frontier AI and the balance-sheet commitments behind it.