A $35 billion deal closed in June with Apollo and Blackstone funds more than a gigawatt of Google TPUs. According to the reporting, a second deal of roughly $36 billion is in early-stage talks. None of the parties would comment.
Note: this reporting comes from market sources and all parties involved declined to comment. We treat it as preliminary.
What is closed: in June 2026 Anthropic closed a $35 billion deal with Apollo and Blackstone to fund more than one gigawatt of Google TPUs, channelled through the AI XPV Platform alongside Broadcom.
What is being negotiated: a second deal of roughly $36 billion led by Blackstone for Google Ironwood TPUs, structured in tranches of approximately $6 billion (A1), $25 billion (A2) and $4.5 billion (B).
Why it matters: if confirmed, it would be one of the largest infrastructure financings in recent history, and it explains why a possible Anthropic IPO keeps appearing on the calendar. Building a frontier lab in 2026 increasingly resembles building a utility: capital intensive, long lead times and structured debt.
Go to the original report →Source: Tech Times
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