BUSINESS · U.S. EDITION

Broadcom to Lend Anthropic Up to $42B to Lease Its AI Chips

Broadcom plans to lend Anthropic up to $42 billion so the AI startup can lease its chips, per an SEC filing — a debt structure potentially convertible into Anthropic shares. The deal underscores how the AI infrastructure arms race is being financed, as Anthropic's confidential IPO prospectus reportedly outlines a $518 billion decade-long buildout.