US$63 billion financing for Anthropic compute
Financial institutions announce US$63 billion deal to fund Anthropic's computing equipment
Four financial institutions announced a US$63 billion financing plan to buy Broadcom equipment and lease it to Anthropic. Deliveries are expected to start in 2027.
Bank of America, Blackstone, Citi and Morgan Stanley announced a US$63 billion deal on 26 October 2026. The deal will pay for computing equipment for Anthropic. A new company created for this purpose will buy Broadcom's AI chips and networking equipment. Anthropic will then rent this equipment.
The financing has two parts: first-lien financing and second-lien financing. They have different priorities for repayment. Bank of America, Citi and Morgan Stanley are arranging the first-lien financing. Blackstone is the only company committed to providing the second-lien financing. Broadcom will help protect the equipment's remaining value, with support equal to the amount of the first-lien financing.
Deliveries are expected to start in 2027. The deal is part of a computing capacity agreement that Broadcom announced earlier. Blackstone said that growing demand for AI creates an opportunity to fund large amounts of computing capacity. Morgan Stanley also highlighted how financing plans can help expand infrastructure.
The announcement follows Anthropic's earlier efforts to increase the computing capacity available for its Claude models. On 7 April 2026, Digital Watch reported a partnership with Google and Broadcom to secure several gigawatts of additional computing capacity, expected to become available from 2027. The expansion aimed to meet rising customer demand, with most of the capacity planned for the United States. The latest US$63 billion deal adds a plan to finance and lease equipment to Anthropic's wider effort to expand its computing capacity.
Why does it matter?
This deal provides money for the equipment Anthropic needs to increase its computing capacity. It brings together loans from banks, investment money from other financial firms, and equipment leasing. Broadcom's support for the equipment's remaining value also links the financing to what the equipment may still be worth later. The deal shows how financial institutions are helping pay for the infrastructure needed to run AI systems.