Broadcom to lend Anthropic $42 billion to lease chips: Report

Broadcom joins in on the trend of chipmakers financing the AI buildout that’s driving demand for their products. Broadcom plans to lend Anthropic up to $42 billion to lease its chips, Nvidia is also financing a slew of frontier labs, in the process becoming a kind of “central bank of AI,” The Economist wrote, as demand surges for the scarce chips powering compute. But bankers are raising questions about Nvidia’s $500-billion chip-backed financing plan, “Anthropic is one of the most important companies in the world,” Semafor’s Liz Hoffman wrote earlier this year, but deals like this show “its parents need to cosign its lease.”