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00:03Broadcom is in talks with lenders to raise more than $60 billion in debt for an AI chip financing
00:08deal benefiting Anthropic and other companies, according to Reuters. The financing could include
00:14about $30 billion in junior debt and a senior secured tranche of roughly $60 billion to $70
00:20billion, potentially bringing the total raise to as much as $100 billion. Broadcom helps companies
00:26including Alphabet and Meta-designed custom chips to reduce their reliance on NVIDIA and
00:31also supplies chips to Anthropic and OpenAI. Blackstone and Apollo Global Management are
00:37reportedly in talks to participate. The potential financing follows a June partnership between
00:42Broadcom, Apollo and Blackstone to finance a $35 billion expansion of Anthropic's computing
00:48capacity using Broadcom chips and networking solutions. Blackstone declined to comment
00:54while Broadcom and Apollo did not respond to Reuters' requests for comment.
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