Apollo, Broadcom and Blackstone Unveil $35 Billion AI Infrastructure Platform
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Apollo announced a one-of-a-kind $35 billion capital solution for Broadcom's new AI XPV Platform in partnership with Blackstone and a club of premier global banks to address the soaring demand for artificial intelligence infrastructure.
The platform allows the deployment of 20+ gigawatts (GW) of compute capacity for top AI players by 2028. It will aid Anthropic's plans to expand over 1GW of compute AI training and inference infrastructure announced earlier in the year, also starting mid-2026.
Launch of Platform for Accelerating Growth of AI Compute
The AI XPV Platform, as stated by Broadcom and Apollo, strategically aims to provide the long-term capital required for establishing expansive AI infrastructure.
The platform integrates Broadcom's semiconductor and networking capabilities with creative funding from institutional investors. The companies claimed that the model was intended for addressing growing demand for computing power across the AI industry. Private capital is taking on larger roles in funding digital infrastructure, as it has with Apollo and Blackstone participating here in their role as primary capital partners.
Anthropic Expansion Among First Projects
The first deal will enable Anthropic's expansion of AI compute capacity. The platform will provide infrastructure for AI model training and inference of over 1GW beginning in mid-2026, Broadcom said. As the need for advanced computing resources grows, the larger AI XPV Platform will continue to broaden.
Apollo Labels AI Compute As A New Asset Class
Jamshid Ehsani, a partner at Apollo, characterised the transaction as the biggest private financing executed by the firm. His rationale states that AI compute is a new and meaningful asset class arising out of strong contracted cash flows, an increasingly critical role in the development of AI Alphabet soup, and demand from hyperscalers and frontier AI laboratories.
The fact that companies need big checks to actually build compute power for AI shows we should be looking at entirely new financing models, Ehsani added.
Demand for AI infrastructure
Broadcom claims that the need for AI compute is outpacing what traditional capital markets can deliver. This transaction is a key pillar of the AI XPV Platform and is an example of what tech companies can accomplish with large-scale capital partners, said Won Kim, Head of Corporate Development and AI Infrastructure Partnerships at Broadcom.
In a statement, the company said it would build off Apollo, Blackstone and other partners to further expand the platform as investment in AI infrastructure continues to grow. Morgan Stanley was the lead advisor for Broadcom and JP Morgan Chase was the co-advisor.
FAQs
- The companies announced how much funding?
Apollo and partners unveiled an initial capital solution worth $35 billion
- Who are the main partners in this project?
The platform counts Apollo, Broadcom, Blackstone and a handful of global banks among its participants.
- How will Anthropic benefit?
The initial $30M will help Anthropic scale over 1GW of AI compute
- What do the companies attempt to achieve with the platform in the long-run?
The goal for them is to make 20GW+ of compute capacity enabled through the AI XPV Platform for frontier AI labs by 2028.
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