Citigroup
3 storiesCitigroup is a large US bank with businesses in corporate and investment banking, retail banking and wealth management. Recent coverage has focused on AI financing and security: Citi joined Blackstone, Bank of America and Morgan Stanley in a $63 billion financing arranged by Broadcom to fund Anthropic's chip purchases. Separately, Citi CEO Jane Fraser spoke at the 2026 Qatar Economic Forum about companies racing to patch AI model security.
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Blackstone, Bank of America, Citigroup and Morgan Stanley announced on Oct 26 a $63 billion financing to buy AI computing equipment from Broadcom and lease it to Anthropic. The deal runs through an SPV, with Broadcom providing residual-value support for the first-lien portion, meaning the seller helps guarantee the chips' later worth. Anthropic's same-day S-1 shows five-year Broadcom leases with about $161.2 billion in rent excluding interest.
Broadcom Inc. has arranged a $63 billion deal with Bank of America, Blackstone, Citigroup, and Morgan Stanley to finance chip purchases for AI model developer Anthropic PBC.
Citigroup CEO Jane Fraser said at the 2026 Qatar Economic Forum that companies are racing to shore up defenses on AI models, calling the release of Mythos "not a good day," underscoring the urgency of security patching.
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The A.I. Daily
Wall Street's $63B AI deal carries hardware value risk