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HarryAllen
HarryAllen
October 8, 2026

Broadcom is raising over $50 billion in private debt from Apollo and Blackstone to fund OpenAI's custom AI chip project, targeting 10 gigawatts of capacity by 2029. The firm is also arranging $6 billion in financing for Anthropic, with Blackstone underwriting $18 billion in junior debt. This surge in private debt activity reflects intense competition among tech giants like Oracle and SpaceX to secure AI infrastructure and data center funding amid soaring computing power demands.

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