Banks lend $63 billion for Anthropic chips
Bank of America, Blackstone, Citi and Morgan Stanley announced a 63 billion dollar deal on the 26th of October 2026 to buy Broadcom AI chips and lease them to Anthropic.
Broadcom chips for Anthropic's Claude4 lenders announced a 63 billion dollar deal on the 26th of October 2026 to pay for AI chips for Anthropic. They are Bank of America, Blackstone, Citi and Morgan Stanley, a joint release said.
The chips come from Broadcom, a US chip maker.
A new company set up for the deal will buy the chips and network gear and lease them to Anthropic, the maker of Claude. Deliveries are due to start in 2027.
How the deal works
Bank of America, Citi and Morgan Stanley are arranging the first part of the loans, which gets paid back first. Blackstone is the only committed lender for the second part, the release said.
Broadcom will back the value of the chips up to the size of the first part. That means Broadcom carries some of the risk if the chips lose value.
Why it matters
Reuters called it one of the largest debt deals of the AI building boom. The Wall Street Journal reported that Broadcom's chief executive, Hock Tan, spent nearly 2 months pushing banks to commit.
"Financing AI demands capital solutions at unprecedented scale," said Vis Raghavan of Citi.
Below we break down the size
The deal is almost 4 times Anthropic's sales in the first half of 2026, which were 16.29 billion dollars, by our arithmetic. That works out to about 16 billion dollars per lender on average.
What is confirmed and what is not
The release gives no split of the 63 billion dollars between the two parts. It also gives no number of chips.
Key facts
4 lenders announced the 63 billion dollar deal on the 26th of October 2026.
The money buys Broadcom chips and network gear.
The chips will be leased to Anthropic.
Deliveries start in 2027.