Broadcom’s $80 billion AI bet: Massive debt raise to fund chips for Anthropic

Broadcom is in talks with a group of lenders to raise between $70 billion and $80 billion in debt, according to Bloomberg. The overall financing package could eventually reach $100 billion.

The money would be used to build more custom AI chip capacity for artificial intelligence companies, with Anthropic expected to be one of the main beneficiaries.

The size of the deal would make it one of the biggest corporate debt raises linked to the AI boom so far. It also shows how much outside money is now being used to build the huge amount of computing power needed by leading AI companies.