Broadcom to lend Anthropic up to $42 billion in deal to lease chips

Reuters, which got its hands on Anthropic's IPO prospectus , reports that the AI juggernaut's most notable partnership is with Broadcom ( AVGO ).

"The company's relationship with Anthropic spans compute supply, equipment leasing and financing — giving the semiconductor company a central role in Anthropic's infrastructure buildout," Reuters reports. "That differentiates it from other major partners and investors such as Amazon, which primarily provide cloud infrastructure and distribution for Anthropic's model Claude."

The Broadcom relationship amounts to up to $42 billion in lending to Anthropic to finance infrastructure spending as the company scales, while Anthropic becomes Broadcom's largest chip design customer.

"It feels that there's quite a concentrated bet right now on two companies being able to generate enough revenues to support all the financing that's happened," Robert Leitao, managing partner of Rothschild & Co., told Reuters.

This post is developing. Check back for updates.