Trending Now - Apollo and Blackstone Explore $35B Financing for AI Chip Venture

WHO:

Bloomberg - Apollo Global Management Inc. and Blackstone Inc. are involved in talks with Broadcom Inc.

WHAT:

Bloomberg - Apollo Global and Blackstone are in discussions over a financing deal of approximately $35 billion to fund the development of AI chips.

WHERE:

Bloomberg - The discussions are taking place involving chipmaker Broadcom Inc.

WHY:

Bloomberg - The financing is part of a broader trend where companies are mobilizing all sources of capital to support the build-out of AI technology.

(UPDATED May 8, 2026 21:23 UTC)

Apollo Global Management and Blackstone are currently in discussions with Broadcom regarding a significant financing deal estimated at around $35 billion, aimed at developing AI chips. This move reflects a larger trend among companies that are tapping into various sources of capital to bolster the advancement of AI technology. The talks underscore the growing importance of AI in the tech industry and the substantial investments being made to support its evolution.