Broadcom to lend Anthropic $42 billion to lease its chips — AI circular financing scam.

Anthropic (ANTH.PVT) has inked a series of deals with tech heavyweights ranging from Amazon to Microsoft to both finance and provide computing capacity for the company’s AI models.

All three have raised concerns about circular financing, as each firm provides funding to Anthropic, which then uses it to purchase their services.

Now you can add Broadcom (AVGO) to the list. According to Reuters, which obtained Anthropic’s IPO prospectus, Broadcom is lending up to $42 billion to Anthropic for its infrastructure buildout.

https://finance.yahoo.com/technology/article/broadcom-to-lend-anthropic-up-to-42-billion-to-lease-chips-in-latest-circular-investing-deal-121617505.html