By TradingView
Publication Date: 2026-10-27 18:34:00
Broadcom AVGO CEO Hock Tan reportedly intervened directly in negotiations to help secure a massive $63 billion financing package that will fund AI computing capacity for Anthropic, after lenders grew uneasy about the risk involved.
The deal, dubbed Project North Star, brings together Bank of America, Citigroup, Morgan Stanley and Blackstone to finance the purchase of Broadcom AI accelerators and networking equipment that will ultimately be leased to Anthropic.
According to The Wall Street Journal, banks had become increasingly reluctant to commit because of higher interest rates, volatility across AI markets and concerns about whether lenders were being adequately compensated for the risk.
Tan reportedly helped break the deadlock by agreeing to higher borrowing costs and stronger protections for lenders.
The final structure uses a newly created special-purpose vehicle to purchase Broadcom’s XPU accelerators and networking systems. Anthropic will lease the equipment, with deliveries…