Anthropic Tied to Record $60 Billion AI Chip Financing Deal

Anthropic is at the centre of a record $60 billion financing package aimed at securing the computing infrastructure needed to support the rapid expansion of artificial intelligence.

The debt package, being arranged by Bank of America, Citigroup and Morgan Stanley, is designed to finance Anthropic’s lease of advanced Google semiconductors. The transaction is reportedly the largest chip-financing deal to date, highlighting the enormous capital requirements facing companies developing increasingly sophisticated AI models.

The structure includes about $42 billion in senior secured loans backed by Broadcom, while a further $18 billion is expected to come through junior debt without the same guarantee. Investment firm Blackstone has already committed $9 billion to the junior portion.

The arrangement illustrates the growing connection between AI companies, semiconductor manufacturers and financial institutions. Broadcom is not simply supplying technology to Anthropic; it is also providing financial support that could help the AI company secure the computing capacity it needs.

Anthropic has separately agreed to potentially borrow up to $42 billion from Broadcom to finance infrastructure spending, according to its IPO filings. The financing is linked to a broader five-year commitment worth $125.2 billion for computing capacity.

For lenders, however, the scale of the borrowing introduces a significant question: whether future AI revenues will grow quickly enough to justify the enormous cost of infrastructure.

The deal therefore represents more than a major financing transaction. It is a test of how far financial markets are willing to fund the next phase of the AI boom—and how much debt the industry can ultimately support.