Broadcom Launches $35B AI Infrastructure Platform With Apollo, Blackstone

Broadcom Inc. has announced the launch of the AI XPV Platform, a major initiative designed to deliver more than 20 gigawatts of compute capacity through 2028 using Broadcom’s custom XPUs and networking solutions. Apollo and Blackstone’s Credit & Insurance business are serving as initial anchor investors, with the platform launching with a first tranche of $35 billion.

The platform’s early focus is enabling Anthropic’s previously announced compute expansion — more than one gigawatt of infrastructure expected to deploy at Fluidstack-based sites beginning in mid-2026. OpenAI is also among the frontier AI labs the platform is designed to serve.

“We are at a historic inflection point where the demand for AI compute is fundamentally reshaping the global economic landscape,” said Hock Tan, President and CEO of Broadcom.

Apollo’s Jim Zelter pointed to Broadcom’s technology leadership and Anthropic’s frontier roadmap as key drivers of the firm’s commitment, while Blackstone’s Jon Gray framed the platform as an unprecedented opportunity to deploy capital across the AI infrastructure ecosystem at scale.

Apollo was advised by Goldman Sachs, Wells Fargo, and Citi, with Latham & Watkins as lead counsel and Milbank advising the investors. Morgan Stanley was lead advisor to Broadcom, JPMorgan Chase co-advisor, and Sullivan & Cromwell counsel to Broadcom.