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Apollo and Blackstone raise $35bn in chip financing deal for Anthropic

Transaction is one of the largest private credit fundraisings, fuelling the Claude maker’s AI growth plans

Apollo and Blackstone have finalised a $35bn private credit deal that will help finance Anthropic’s growth plans, as banks and investment groups across Wall Street pour capital into the AI boom.

The two private investment groups led the financing, one of the largest private credit deals completed, which will fund Anthropic’s purchase of Alphabet-developed chips.

It underscores the massive appetite investors have for AI and the deep pockets they are willing to dig into to finance the data centre infrastructure and computing power needed by companies including Anthropic, OpenAI and Meta.

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