Broadcom’s Wall Street syndicate is starting to gather $60 billion of fresh AI chip financing to benefit Anthropic and other companies, according to people with knowledge of the matter, Bloomberg reported.

Banks involved in the massive debt package are poised to send out syndication letters for a $42 billion Class A senior-secured tranche, the people said, asking not to be identified discussing the deal, which has yet to be announced.

Blackstone Inc. is leading an $18 billion tranche of Class B junior debt, committing $9 billion from various funds with plans to syndicate the rest, the people said.

The financing, which has been taking shape for weeks, is being closely watched by professionals across Wall Street and Silicon Valley for reassurance that investors are still keen to back AI’s buildout amid a public backlash against data-center construction. Broadcom is looking to sell more chips and other data-center equipment, challenging Nvidia Corp., while AI companies like Anthropic need-ever more computing capacity.

The potential deal would help firms including Anthropic access chips and other key AI infrastructure, people with knowledge of the talks said in August.