Anthropic has secured a $35 billion chip financing deal from Apollo and Blackstone, as reported by the Financial Times...

Anthropic has secured a $35 billion chip financing deal from Apollo and Blackstone, as reported by the Financial Times on June 10, 2026 (FT). This massive capital injection is explicitly earmarked for chip procurement and infrastructure, signaling a sustained ramp in compute demand from frontier AI labs. The deal comes as Anthropic prepares for an IPO, having filed confidentially with the SEC a week earlier (CNBC). The $35 billion dwarfs typical data center financing and indicates Anthropic's intent to scale training and inference clusters aggressively, benefiting upstream chip suppliers such as Nvidia, AMD, and TSMC. While OpenAI is reportedly considering price cuts that could pressure margins (WSJ via CNBC), Anthropic's financing provides a long-duration capital base to compete. The deal underscores the 'infinite capex' theme in AI infrastructure and supports a positive outlook for semiconductor demand tied to frontier model training.