Anthropic Files for a Massive $100 Billion IPO and Commits to $125.2 Billion in Chip Leases with Broadcom
Artificial intelligence company Anthropic, known for its Claude chatbot, has filed confidentially for an initial public offering (IPO) aiming to raise up to $100 billion—potentially making it the largest IPO ever. The firm plans to lease computing capacity on AI chips from Broadcom over five years in a deal valued at $125.2 billion. Broadcom, which designs custom tensor processing units (TPUs), has agreed to loan Anthropic up to $42 billion via convertible notes and is financing the first phase of this commitment with its own capital and external debt. CEO Hock Tan highlighted that Anthropic will become Broadcom’s largest XPU customer by 2027, contributing significantly to the chipmaker's AI revenue growth. Broadcom reported a 221% year-over-year increase in AI semiconductor revenue for fiscal Q3 2026 and expects continued acceleration. The company is also seeing strong profit growth with GAAP earnings per share up 215%. However, concerns about customer concentration risk have emerged as Anthropic represents an increasing portion of Broadcom’s business.
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Topics: AI Anthropic Broadcom Financing Agreement IPO