Blackstone, Apollo partner with Broadcom on AI XPV Platform with USD 35 billion initial tranche

Broadcom Limited
Blackstone Inc.

Broadcom Limited

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Blackstone Inc.

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  • Broadcom formed the AI XPV Platform with Apollo, with Blackstone’s Credit & Insurance business as an anchor investor.
  • Platform targets more than 20 gigawatts of AI compute deployments through 2028 using Broadcom XPUs and networking for frontier AI labs.
  • Launch includes a $35 billion tranche led by Apollo, in partnership with Blackstone, to support Anthropic’s more than 1-gigawatt capacity expansion.
  • Deployment is expected to start in mid-2026 at Fluidstack-based sites.


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