Banks Reportedly Got Cold Feet on ‘Project North Star’ Until Hock Tan Stepped In: Broadcom’s $63 Billion Anthropic Financing Back on Track

Bank of America Corp. (NYSE:BAC), Blackstone Inc. (NYSE:BX), Citigroup Inc. (NYSE:C) and Morgan Stanley (NYSE:MS) committed $63 billion to finance Broadcom Inc’s (NASDAQ:AVGO) artificial intelligence chips and networking gear for Anthropic, in a deal some lenders reportedly weighed walking away from in recent weeks. Inside the $63 Billion Structure A newly formed special purpose vehicle will use the committed financing to buy Broadcom’s XPU AI accelerators and networking products and lease them