Broadcom announced a partnership with Apollo Global Management and Blackstone's credit and insurance business to launch a $35 billion platform financing artificial intelligence infrastructure. The initiative, called the AI XPV Platform, represents one of the largest private sector commitments to date for building out AI computing capacity.

The platform will deliver more than 20 gigawatts of compute capacity through 2028, leveraging Broadcom's semiconductor chips and networking solutions. Major AI companies including Anthropic and OpenAI will use the infrastructure to power their models, addressing the growing demand for compute-intensive AI workloads.

CEO Hock Tan said the platform combines Broadcom's technology roadmap with long-term institutional capital, creating a vertically integrated approach to AI infrastructure development. This follows Broadcom's recent acquisition spree and positions the company as a critical supplier in the AI boom.

The partnership signals how traditional tech suppliers are teaming with private equity giants to meet AI infrastructure demands that public markets alone cannot satisfy. With compute requirements exploding, the trio's bet reflects where the industry sees AI growth heading.