This is what it looks like when AI meets Wall Street. Glenn Hutchins. @lynnmartin. Leaders from @MorganStanley. @GoldmanSachs. @CoreWeave. @lambdamarkets1. All in one room at the @NYSE on Monday at @theinformation's Financing the AI Revolution Summit. The consensus: we are still in the early innings of how capital gets deployed into AI. The harder question: how can we actually put AI in the hands of everyday people? Answering that is what gets us out of bed every morning. 🚀 #Genspark# #FinancingAI# #NYSE# #TheInformation# #AI#

"We are seeing quite a lot of debt financing and quite a lot of interface, interdependence, when it comes to financing AI." Managing Director @IMFNews @KGeorgieva ⏯️ #QatarEconomicForum# #UNGA81#

"We are seeing quite a lot of debt financing and quite a lot of interface, interdependence. when it comes to financing AI." Managing Director @IMFNews @KGeorgieva ⏯️ #QatarEconomicForum# #UNGA81#

$BX $BAC $C $MS $AVGO $NVDA $MU $SNDK $LITE Bank of America, Blackstone, Citi and Morgan Stanley Announce Landmark $63 Billion Financing Structure to Enable AI Compute Capacity in Partnership with Broadcom PR Newswire NEW YORK and CHARLOTTE, N.C. and PALO ALTO, Calif., Oct. 26, 2026 NEW YORK and CHARLOTTE, N.C. and PALO ALTO, Calif., Oct. 26, 2026 /PRNewswire/ -- Bank of America (NYSE: BAC), Blackstone (NYSE: BX), Citi (NYSE: C) and Morgan Stanley (NYSE: MS) (the "Lead Financial Partners") today announced a $63 billion transaction to enable the deployment of AI compute capacity, leveraging Broadcom Inc.'s (NASDAQ: AVGO) technology, for Anthropic. This transaction is part of the strategic compute capacity agreement previously announced by Broadcom, with expected deliveries starting in calendar 2027. The transaction will be executed through a newly formed special purpose vehicle ("SPV") with committed financing from the Lead Financial Partners to support the purchase of Broadcom XPU AI accelerators and networking solutions to be leased to Anthropic. The first lien portion of the financing is being arranged by Bank of America, Citi and Morgan Stanley, with Blackstone as the sole provider of the committed portion of the second lien financing. Broadcom is providing residual value support to the SPV for the amount equivalent to the first lien portion of the financing. This transaction highlights the deep collaboration across the AI technology and financial ecosystems. Jon Gray, President and COO, Blackstone, said, "The rapidly growing demand for AI is creating an enormous opportunity to finance compute capacity at scale. We're proud to help advance this buildout with Broadcom." Dan Simkowitz, Co-President of Morgan Stanley, said, "This transaction represents an important milestone in enabling the next buildout of AI compute capacity. Morgan Stanley has been at the forefront of innovation in designing scalable capital solutions for AI infrastructure, and we are proud to continue to advance new financing structures through this transaction." Vis Raghavan, Head of Banking and Executive Vice Chair at Citi, said, "Financing AI demands capital solutions at unprecedented scale. Citi is proud to pioneer innovative structures and leverage our global capital markets structuring and distribution expertise to help accelerate the buildout of critical AI infrastructure that will power the future of technology for years to come." Jim DeMare, Co-President of Bank of America, said, "Advancing AI responsibly requires turning ambitious technology plans into tangible compute infrastructure. Bank of America's infrastructure financing expertise, advisory capabilities and broad capital solutions platform enable us to deliver innovative structures and mobilize institutional capital at scale. This transaction brings together Broadcom's leading technology and significant bank capital to accelerate the buildout of compute capacity that will power the next wave of AI innovation." Hock Tan, President and CEO of Broadcom Inc., said, "Today's transaction underscores the power of our advanced technology and our strong conviction in the AI ecosystem. Fundamentally, the need for AI compute continues to grow at an extraordinary pace. This validates that there is capital available to finance such growth and that Broadcom is uniquely positioned to enable it." Kirkland & Ellis LLP is serving as legal counsel to Blackstone. Latham & Watkins LLP is serving as legal counsel to Bank of America, Citi and Morgan Stanley. Sullivan & Cromwell LLP is serving as legal counsel to Broadcom, with Evercore serving as financial advisor. Additional information about the transaction is available on the Investors section of Broadcom's website at

Some current Anthropic investors and prospective investors in its upcoming initial public offering are weighing a lower valuation for the AI company after its latest financial disclosures, amid broader concerns over the ballooning cost of financing AI

🚨ALARMING: America's projected $10 TRILLION AI infrastructure boom faces a growing DEBT CRISIS as costs surge and projects stall. At least 47 major data center projects are DELAYED, BLOCKED or WITHDRAWN in 2026, FT reports. The scale of the risks is GROWING: - Only 35% of planned U.S. data center projects are considered credible by Bernstein analysts. - 1,000+ U.S. communities have sought restrictions on AI infrastructure development this year. - CoreWeave plunged nearly 25% in one week as investors questioned its debt-funded expansion. The biggest concern is FINANCING. AI providers are borrowing BILLIONS to build data centers, but rising costs and delays threaten their expansion. Some contracts even allow AI companies to walk away if deadlines are missed, leaving developers with massive debts and unfinished projects. Investors now question whether these companies can survive the enormous costs of the AI boom.

Financing costs matter for the equity outlook. Our October 30th SAMT update explores how potential further tightening and renewed pressure on longer-term yields could weigh on longer-duration equities and make funding more challenging for lower-quality companies. Click here to read the full update: