Blackstone

Broadcom-backed debt deal may top $70 billion

Broadcom is in talks to raise roughly $70 billion to $80 billion of debt via a Broadcom-backed special purpose vehicle to finance chip capacity for artificial-intelligence companies, including Anthropic. Sources say the financing would include a senior tranche of about $45 billion and a junior tranche near $35 billion, though figures remain fluid. Bloomberg first reported the story and named private-asset firms such as Blackstone and Apollo Global Management as potential participants; Blackstone and Apollo previously led an initial $35 billion financing. The story is part of a broader surge in large-scale capital raises from technology companies and asset managers to fund AI compute and data-center buildouts.

Apollo Global Management confirms cloud data breach

Apollo Global Management confirmed a data breach in which hackers accessed the firm’s cloud environment and stole large amounts of personal information. In a letter filed with California’s attorney general, Apollo’s human resources chief Matthew Breitfelder said attackers used a social engineering scheme to gain access between July 6 and July 10 and took names, birth dates, contact information including home addresses, and Social Security numbers. The letter does not specify whose records were taken. The incident is part of a wider extortion campaign that security researchers — including teams at Google — say has targeted private equity and financial firms. Apollo has about $938 billion in assets under management and roughly 5,000 employees as of February 2026.

Enterprise AI: Alliances, Ontologies and Lock‑in

This analysis argues the decisive battleground in the AI supercycle is enterprise context — proprietary, localized knowledge trapped inside companies — and that competition is happening at the level of alliances and the layers they open or hold. Palantir has positioned its Ontology (a typed operating model and decision surface) as a junction that it opens beneath but holds above the model, while major model labs (OpenAI, Anthropic) and hyperscalers (Microsoft, Amazon) have shifted their architectures and acquisition strategies this year to capture the layer above models (human implementation, deployment, and business-context harness). Nvidia convened an open-weight/security coalition; the roster of signatories and absences signal whose economics depend on closed versus commoditized models. The piece highlights product launches, acquisitions, and new services (OpenAI Frontier and Deployment Company, Anthropic’s Ode, Nvidia’s open-weight efforts), and warns buyers to score which layer an alliance opens and which it retains — and whether the retained layer is portable.