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BofA, Blackstone, Citi and Morgan Stanley team up with Broadcom on $63 billion AI compute financing structure
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Market reports indicate that Bank of America, Blackstone, Citigroup, and Morgan Stanley have announced a partnership with Broadcom (AVGO.O) to establish a landmark $63 billion financing structure aimed at supporting artificial intelligence compute capacity. The brief identifies the participating financial institutions and Broadcom as the counterparty, and frames the financing as intended to back AI computing capacity. No further details on the structure, timeline, or specific projects were provided in the source item.
Source report
Bank of America, Blackstone, Citigroup, and Morgan Stanley have announced a partnership with Broadcom (AVGO.O) to establish a landmark $63 billion financing structure aimed at supporting AI compute capacity, according to market reports.
Source
domesticNeutral / independent