Chip developer Broadcom Inc. today announced the establishment of the AI XPV Platform with Apollo and Blackstone’s Credit & Insurance Business as initial anchor investors.
The Platform is designed to enable more than 20 gigawatts in compute capacity using Broadcom’s XPUs and networking solutions customized for leading frontier AI labs, including Anthropic and OpenAI, through 2028 (NASDAQ: AVGO), (NYSE: APO), (NYSE: APO).
The Platform launches today with an initial tranche of $35 billion led by Apollo, in partnership with Blackstone, 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.
Shares in Broadcom fell 3.2% to $383.90 apiece for a market cap of $1.8 trillion.
