Broadcom, Apollo, Blackstone Target 20 GW AI Expansion, Sign $35 Bn Deal

Broadcom has partnered with Apollo and Blackstone to launch the AI XPV Platform, a financing and infrastructure initiative designed to accelerate more than 20 gigawatts of global AI compute deployments by 2028. 

The companies said the platform will support compute capacity powered by Broadcom’s XPUs and networking systems for frontier AI labs, including Anthropic and OpenAI.

It is being launched with an initial $35 billion transaction led by Apollo in partnership with Blackstone. The funding will support Anthropic’s previously announced expansion of more than 1 GW of compute infrastructure. 

Deployment is expected to begin at Fluidstack-based sites from mid-2026. The initiative also aims to lower per-token delivery costs while enabling large-scale AI model training and inference.

Hock Tan, President and CEO of Broadcom, said in a statement that the platform aligns capital with Broadcom’s technology roadmap to help customers “realise their most ambitious AI visions with speed and certainty.”

It creates a framework for future deployments of XPU-based compute systems and networking infrastructure. The company expects the model to help frontier AI companies expand capacity with faster access to financing and technology.

Apollo said the scale of AI demand requires collaboration between infrastructure and financial players. “Our investment in this platform reflects our conviction in Broadcom’s technology leadership and Anthropic’s frontier roadmap,” said Jim Zelter, President of Apollo. He added that the firm aims to provide the capital needed for efficient expansion.

Blackstone also said growing compute demand has opened opportunities across the AI infrastructure ecosystem. Jon Gray, President of Blackstone, said the company would support financing through its credit and insurance business.