[DEVELOPING] Reuters: Broadcom agreed to lend Anthropic up to $42B via convertible notes to finance $125.2B TPU lease
Reuters, citing Anthropic's IPO prospectus, reports Broadcom will lend up to $42B in convertible notes covering roughly a third of Anthropic's $125.2B five-year TPU capacity lease; no conversion price or maturity disclosed, Anthropic posted restricted cash for Broadcom in April, and the filing flags conflict-of-interest and default-acceleration risk. Vendor-financed compute now spans both NVDA and AVGO. Watch for the public S-1 to confirm terms and Broadcom's FY27 AI revenue guide (~$115B cited).