Apollo Global Management is leading a $35 billion [1] financing effort for a Broadcom AI platform to support compute expansion for Anthropic.

This investment addresses the surging demand for artificial intelligence infrastructure. By providing massive capital for hardware and energy, the partnership allows frontier AI labs to scale their operations without the immediate burden of full upfront costs.

Jim Zelter, president of Apollo Global Management, said the initiative during a CNBC interview on Monday. The financing is slated to begin rollout in mid-2026 [3]. The project involves a collaboration between Broadcom, Apollo, and Blackstone to build the underlying infrastructure.

The partnership aims to enable more than 20 gigawatts [2] of compute capacity for frontier AI labs through 2028 [2]. This capacity is specifically intended to support the build-out requirements of Anthropic, a leading AI developer.

While sources differ on the specific nomenclature of the technology, with some calling it an XPU platform and others an AI XPV platform, the primary goal remains the delivery of high-scale compute power. The scale of the $35 billion [1] commitment underscores the capital-intensive nature of the current AI race, where energy and chips are the primary bottlenecks.

Zelter said the financing structure is designed to meet the rapid growth in demand for AI compute. The coordination between the investment firms and the technology provider ensures that the physical infrastructure keeps pace with the software requirements of large-scale AI models.

“Apollo is leading a $35 billion financing for Broadcom's AI platform.”

This move signals a shift toward 'infrastructure-as-a-service' for AI, where private equity firms like Apollo and Blackstone provide the massive capital necessary for hardware and power. By decoupling the cost of infrastructure from the AI labs' operational budgets, this model allows companies like Anthropic to scale faster than they could using only venture capital or internal cash flow.