News and analysis on private equity, private credit, hedge funds, and alternative assets.
SanDisk Corp.‘s customers are seeking long-term commitments for SanDisk’s memory supply, with one of its biggest buyers already back for a second round. Customers Lock in Supply and Return for More The long-term supply deals have opened “very deep and...
Blackstone now expects Anthropic to miss investment grade after its IPO, raising the cost of its $800 billion AI plan.
Key TakeawaysBank of America, Citigroup, Morgan Stanley and Blackstone committed $63 billion to a vehicle that will buy Broadcom’s AI chips and networking gear and lease them to Anthropic. Some banks reportedly considered pulling out until Broadcom CEO Hock Tan agreed to higher interest rates and gave them more comfort on Broadcom’s guarantees.
