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Gotrade News - Two of the largest private AI bets on record moved forward this week. According to Seeking Alpha, citing Bloomberg News, a Wall Street syndicate is starting to gather a $60 billion financing package to fund AI chips from Broadcom (AVGO) for Anthropic and other companies, while SoftBank Group has completed the final $10 billion payment of its $30 billion follow-on investment in OpenAI.
Together, the two deals show how AI infrastructure is increasingly being funded with debt rather than cash on hand, a shift that puts chipmakers and their lenders closer to the fortunes of a small number of AI developers.
Broadcom's $60 Billion Chip Financing for Anthropic
As reported by AskTraders, which also cited Bloomberg, the package includes a $42 billion Class A senior-secured tranche, the top-ranking debt backed by collateral. Banks involved are poised to send out syndication letters for the debt, according to Seeking Alpha.
AskTraders reported that Anthropic carries a $125.2 billion five-year lease commitment for tensor processing units (TPUs), the custom AI processors Alphabet (GOOGL) designs with Broadcom. Per the same report, the financing could cover roughly one-third of that commitment.
Investors were cautious. Broadcom closed at $343.64 in its latest session, down 2.15% from $351.19 and 19.7% below its August 7 peak of $427.76, per AskTraders. Robert Leitao of Rothschild & Co told the outlet the market faces a concentration risk:
"It feels that there's quite a concentrated bet right now on two companies being able to generate enough revenues to support all the financing that's happened." (Robert Leitao, Rothschild & Co, via AskTraders)
SoftBank Completes $30 Billion OpenAI Follow-On
According to The Next Web, SoftBank paid the third and final $10 billion tranche on October 1, Japan time, after earlier payments on April 1 and July 1. The payment lifts its cumulative investment in OpenAI to $64.6 billion, for a stake of about 13%.
SoftBank funded the last tranche with proceeds from an $11.1 billion foreign-currency bond sale announced on September 24, The Next Web reported. The group also drew $30 billion of a $40 billion bridge loan signed in March, repaid $25.9 billion in early September, and cancelled the remaining $10 billion on September 30.
The commitment was part of OpenAI's $122 billion funding round at an $852 billion valuation, per The Next Web. Other major backers in that round include Amazon, with a $50 billion commitment, and Nvidia (NVDA), with $30 billion.
The AI Mega-Financing Deals in Numbers
Deal
Key figure
Detail
Broadcom chip financing for Anthropic
$60 billion
$42 billion Class A senior-secured tranche; syndication letters pending
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M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms registered with Kominfo (Indonesia's Ministry of Communication and Informatics). His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is a licensed Securities Broker-Dealer Representative (WPPE) under the supervision of the Financial Services Authority (OJK) and is experienced in analyzing market data and developing research-driven business strategies.
