Sources: Apollo Global and Blackstone are among private credit lenders in talks with Broadcom over a ~$35B financing deal to fund the development of AI chips (Bloomberg)

Major private credit firms Apollo Global and Blackstone are negotiating a ~$35B financing deal with Broadcom to fund AI chip development, signaling a significant shift in how large-scale technology infrastructure is being financed outside traditional banking channels. This trend reflects growing private capital appetite for AI infrastructure investments and could reshape IT procurement and vendor financing strategies as alternative lenders increasingly compete for technology investments. For CIOs and technology leaders, this indicates tighter vendor relationships with private equity-backed firms and potential shifts in supply chain financing that may affect pricing, terms, and partnership dynamics.