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Anthropic Just Landed $35 Billion to Buy Chips It Can’t Afford, Backed by a Chipmaker That Hopes You Forget About Depreciation
**In a deal that makes the subprime mortgage crisis look like a lemonade stand, Apollo and Blackstone have cooked up a $35 billion private credit smorgasbord so Anthropic can buy Alphabet-designed TPUs that Broadcom will kindly guarantee. The only question: when do the baggies get their turn?**