Broadcom Secures $35B to Build 20 GW Data Centres

Broadcom Inc. (NASDAQ: AVGO), Apollo (NYSE: APO), and Blackstone's (NYSE: BX) Credit & Insurance Business announced the AI XPV Platform on June 9, 2026, per a joint press release published via Apollo IR and PRNewswire. The platform is designed to enable more than 20 gigawatts of global AI compute capacity using Broadcom's XPUs and networking solutions customized for frontier AI labs, including Anthropic and OpenAI, through 2028.

The platform launched with a $35 billion transaction led by Apollo in partnership with Blackstone, per the press release. The capital is earmarked to facilitate Anthropic's previously announced expansion of more than 1 gigawatt of compute infrastructure at Fluidstack-based sites expected to begin deploying in mid-2026. The press release states this first deal builds on an existing strategic relationship between Broadcom and Anthropic.

"We are at a historic inflection point where the demand for AI compute is fundamentally reshaping the global economic landscape," said Hock Tan, President and CEO of Broadcom, per the press release. Apollo President Jim Zelter said the investment "reflects our conviction in Broadcom's technology leadership and Anthropic's frontier roadmap." Blackstone President Jon Gray added that "the demand for compute has created an unprecedented opportunity to invest at scale across the AI infrastructure ecosystem."

Broadcom's XPU-based compute and networking is positioned as lower-cost, lower-power infrastructure relative to GPU alternatives for both training and inference, the press release states. The platform is described as a scalable framework for future deployments beyond the Anthropic tranche, with additional frontier-lab customers named as OpenAI. Apollo manages approximately $1.03 trillion in assets under management and Blackstone manages over $1.3 trillion, per their filings.

The AI XPV Platform joins large-scale alternative capital with custom-silicon AI infrastructure in a structured, replicable vehicle. For practitioners and infrastructure teams, XPU-based deployments at this scale signal a viable alternative pathway to Nvidia GPU-dominated compute, with potential implications for per-token delivery costs at inference. The invezz.com report noted Broadcom stock fell on the news despite the announcement, reflecting investor uncertainty about execution and timing.

The $35 billion initial tranche is the opening deployment of a platform targeting 20+ GW through 2028, combining three major institutional players to fund and supply AI compute at unprecedented scale - with Anthropic's 1 GW Fluidstack expansion as the first confirmed use of the capital.