Broadcom has created the AI XPV Platform, a new initiative intended to accelerate the deployment of more than 20GW of AI-focused compute power worldwide, in partnership with Apollo and Blackstone.
AI XPV has been launched with an initial investment tranche of $35bn, led by Apollo-managed funds and affiliates alongside Blackstone and major global banks.
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The platform plans to deliver this capacity by using Broadcom’s cross-platform processing unit (XPUs) and networking technologies. Deployment will be targeted at leading artificial intelligence labs, including Anthropic and OpenAI, through to 2028.
Broadcom president and CEO Hock Tan said: “We are at a historic inflection point where the demand for AI compute is fundamentally reshaping the global economic landscape.
“This strategic platform with Apollo and Blackstone synchronises the world’s most sophisticated capital with Broadcom’s advanced technological roadmap to meet this once-in-a-lifetime opportunity by enabling our rapidly scaling customers, starting with Anthropic, to realise their most ambitious AI visions with speed and certainty.”
The initial funding will be used to facilitate Anthropic’s previously stated plan to expand its compute infrastructure by more than 1GW. Deployment of this increased capacity is expected to begin at Fluidstack-based sites from mid-2026.
The AI XPV Platform has been structured to offer a scalable model for future deployments of XPU-based compute power and networking infrastructure.
According to the companies, it is designed to support frontier AI model training and inference while aiming to reduce both the cost per token delivered and energy consumption.
Blackstone president Jon Gray said: “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. We are proud to support this powerful combination of Broadcom’s exceptional technology and Anthropic’s pioneering models.”
Apollo and Blackstone said the platform sets out a new approach to attracting institutional investment at the scale needed to support AI infrastructure. It combines advanced silicon and networking with long-term, flexible funding.
The aim is to speed up compute deployment across the frontier AI ecosystem. Furthermore, Apollo and Blackstone said that their role as lead capital partners highlights the growing contribution of private finance to the expansion of digital infrastructure.
Apollo partner Jamshid Ehsani said: “Broadcom and Anthropic are world-class companies operating at the frontier of technological innovation, and we are proud to have led the largest private financing ever executed.
“Committing significant investment grade capital as a principal investor alongside our partners, this transaction reflects the scale and flexibility of Apollo’s balance sheet and the power of our integrated platform across High-Grade Capital Solutions, Apollo Capital Solutions and ATLAS SP Partners to structure a solution that met the needs of every party involved.”
