Blackstone Inc.

Chipmaker Broadcom has arranged a $63 billion deal to finance AI compute for Anthropic using AI technology from Broadcom.

Bank of America, together with Blackstone, Citi, and Morgan Stanley, will fund a special purpose vehicle, and the proceeds will be used to buy Broadcom AI accelerators and networking solutions, which will be in turn leased to Anthropic.

New federal charges against former FBI Director James Comey have been unsealed.

He is charged with transmitting national defense information and conspiracy to transmit national defense information.

The Philadelphia Semiconductor Index is less than 3% higher, led by NVIDIA, which is more than 2% higher.

Universal Music Group discussed going private with private equity firms, including Apollo Global Management, TPG and Blackstone.

The company's sagging share price has prompted consideration of going private, with shares declining about 29 percent this year and below the price at which the company first went public in 2021.

Shares of Universal Music Group fell more than 2 percent in regular trading.

I reached out to Chakravarti and I asked him what was driving this shift of capital and what were the trends that lay behind these numbers.

In the last decade, what we saw was foreign capital coming into India and creating product, the likes of Blackstone and Brookfield and Temasek and GIC and the others.

And this was all long-duration capital creating large capital-intensive assets like business parks and retail shopping centers and warehousing and logistics parks, etc., I think what the trend has now changed to where a lot of these global heavyweight sponsors are looking to monetize their investments.

And this is particularly true post-COVID in India.

No, the trend in real estate, I would argue, is somewhat circular within the country.

So a lot of these global investors that I referred to are actually recycling capital and redeploying capital into higher yielding assets.

So let's take a Blackstone or a Brookfield, for example.

So if they are monetizing in office, They are redeploying in digital infrastructure.

It had been down over 25% at one point.

There was also a massive AI funding deal announced, $63 billion, whereby a consortium of lenders, it's immaterial to the story, but Bank of America, Citi, and Morgan Stanley taking a first lien position, Blackstone taking a second lien position to fund an SPV, a special purpose vehicle, that then the capital will be used.

to buy a significant amount of compute from Broadcom, which will then be leasing these chips to Anthropic.

These are the types of deals we're seeing all over the place.

Oh, here we go.

Broadcom backs $63 billion financing structure formed for Anthropic with Bank of America, Blackstone City, and Morgan Stanley, a newly reformed vehicle.

Secured $63 billion of financing to buy Broadcom stuff and networking gear.

Here we go again.

So that will be interesting to see how they react.

In some local news, Airtrunk, which is backed by Blackstone, has locked in a $4.25 billion green loan to expand its SID3 data centre in Western Sydney.

So that's some good news, I guess, for data centres and data centre builders and providers.

So that's certainly something to hang on to, I guess, at the moment.

They're likely going to raise $100 billion in an IPO.

$60 billion of it's already been financed with Blackstone.

And if you assume a three times in annual revenue run rate, which probably is low considering how much the street wants them to grow, the company should have around $300, $400 billion in cash.

This also doesn't take into account the future that they might engage in.

They're likely going to raise $100 billion in an IPO.

$60 billion of it's already been financed with Blackstone.

And if you assume a three times in annual revenue run rate, which probably is low considering how much the street wants them to grow, the company should have around $300, $400 billion in cash.

This also doesn't take into account the future that they might engage in.