Apollo Global Management has led a $35bn initial capital solution for a new AI infrastructure platform developed with Broadcom, in partnership with Blackstone and a syndicate of global banks, in what is being positioned as one of the largest private financings for AI compute capacity to date.
The financing forms the first stage of Broadcom’s AI XPV Platform, which is designed to support more than 20 gigawatts of compute capacity for frontier AI laboratories through 2028. The structure is intende...
Continue Reading
Sign up for FREE to read the full article and access 148K+ alternative investment headlines.