By Connor Hart


Broadcom said it will partner with Apollo Global Management and Blackstone's credit and insurance business to launch a platform backed by an initial $35 billion to finance artificial-intelligence infrastructure.

The platform, called the AI XPV Platform, will enable more than 20 gigawatts in compute capacity through 2028, employing Broadcom's chips and networking solutions to support companies including Anthropic and OpenAI.

Broadcom said Tuesday that the platform's initial $35 billion tranche will facilitate Anthropic's previously-announced capacity expansion of more than 1 gigawatt of compute infrastructure.

Looking ahead, the platform will establish a framework for future deployments of XPU-based compute capacity and networking infrastructure aimed at lowering the cost and power requirements of AI model training and inference, it added.

Chief Executive Hock Tan said the platform combines Broadcom's technology roadmap with long-term capital to support the growing demand for AI computing infrastructure.

Apollo noted its participation as a primary capital partner, along with Blackstone, reflects the growing role that private capital is playing in financing digital-infrastructure buildouts.


Write to Connor Hart at connor.hart@wsj.com


(END) Dow Jones Newswires

06-09-26 0947ET