Private equity firms Blackstone and Apollo Global Management are spearheading a $36 billion debt financing initiative to support Anthropic's AI infrastructure development. The financing will facilitate the purchase of Google's custom Tensor Processing Unit (TPU) chips, which Anthropic plans to lease. Broadcom, a key partner in Google's chip development, will guarantee most of the transaction's payments. This deal is poised to become one of the largest private credit transactions in history and the biggest chip financing debt deal to date. By leveraging Broadcom's creditworthiness, the structure aims to provide Anthropic with the necessary computing power to advance its AI capabilities.