Circular compute
Broadcom to lend Anthropic up to $42 billion to finance chip leases
Reporting surfaced in Anthropic's IPO prospectus says Broadcom has agreed to lend Anthropic up to $42 billion to finance its infrastructure spending, making the AI lab Broadcom's largest chip-design customer. The arrangement — layered on top of a reported $125.2 billion five-year TPU lease, with convertible financing covering about a third of it — sharpens concerns about circular financing among AI compute suppliers.




