Broadcom Teams with Apollo, Blackstone on AI Infrastructure Platform

Broadcom Inc. said Tuesday it has established the AI XPV Platform with Apollo and Blackstone’s Credit & Insurance Business as initial anchor investors. The platform, which launches with an initial tranche of $35 billion led by Apollo and Blackstone, is designed to enable more than 20 gigawatts of compute capacity using Broadcom’s XPUs and networking solutions, customized for leading frontier AI labs, including Anthropic and OpenAI, through 2028. 

The initial investment will be deployed to facilitate Anthropic’s previously announced capacity expansion of more than 1 gigawatt of compute infrastructure, expected to deploy in Fluidstack-based sites starting in mid-2026. This builds on the existing relationship between Broadcom and Anthropic and also establishes a scalable framework for future deployments of XPU-based compute capacity and networking. 

“The demand for compute has created an unprecedented opportunity to invest at scale across the AI infrastructure ecosystem, including providing financing through our credit and insurance business,” said Blackstone president Jon Gray. “We are proud to support this powerful combination of Broadcom’s exceptional technology and Anthropic’s pioneering models.”