Broadcom Offers Anthropic Up to $42B in AI Infrastructure Financing

$AVGO has agreed to provide Anthropic with up to $42B in financing tied to the AI company's infrastructure buildout.
The facility could cover roughly one-third of Anthropic's $125.2B five-year TPU compute commitment, with the debt potentially convertible into Anthropic shares.
Anthropic is also expected to become Broadcom's largest compute customer in 2027. Anthropic's IPO filing notes that Broadcom's dual role as hardware supplier and financing partner could create potential conflicts around pricing and access to compute.