Broadcom Inc. has created the AI XPV Platform in partnership with Apollo and Blackstone’s Credit & Insurance Business, which are serving as the platform’s initial anchor investors. The initiative launches with an initial tranche of $35 billion led by Apollo and Blackstone and is intended to support large-scale AI infrastructure investments.
According to Broadcom, the AI XPV Platform is designed to enable more than 20 gigawatts of compute capacity through 2028. The platform will use Broadcom’s XPUs and networking solutions, configured for leading frontier AI laboratories. Among the organizations identified as beneficiaries are Anthropic and OpenAI, which are expected to leverage this customized compute capacity as they advance their AI models.
The first wave of capital from the platform will be directed to Anthropic’s previously announced capacity expansion plan. That initiative calls for more than 1 gigawatt of additional compute infrastructure, with deployments expected to begin in mid-2026. The infrastructure will be rolled out at Fluidstack-based sites, providing new locations for the expanded compute resources.
Broadcom noted that this deployment builds on its existing relationship with Anthropic. In addition to funding the near-term expansion, the AI XPV Platform is structured to provide a scalable framework for future rollouts of XPU-based compute capacity and networking. The parties intend to use this framework to support subsequent phases of infrastructure growth beyond the initial tranche and current projects.
Blackstone president Jon Gray described the current environment as one in which demand for compute has opened an opportunity to invest at scale across the AI infrastructure ecosystem. He highlighted that Blackstone expects to participate not only as an anchor investor but also by providing financing through its credit and insurance business. Gray added that Blackstone views the initiative as combining Broadcom’s technology with Anthropic’s AI models within a single investment platform.
