On October 27, chip manufacturing giant Broadcom (AVGO.O) and artificial intelligence firm Anthropic inked a debt agreement worth $63 billion, with the aim of bolstering financial support for AI infrastructure development. Over the preceding two months, Broadcom's CEO has been vigorously engaging with banks to secure funding exceeding $40 billion for this unprecedented AI debt deal. At the heart of the agreement lies the provision that Anthropic will lease specialized chips co-developed by Broadcom and Google. Despite being the primary beneficiary, Anthropic still depends on its major business partners to aid in fundraising efforts. Broadcom and Anthropic are striving to finalize the agreement prior to Anthropic's much-anticipated IPO submission. As Anthropic's chip provider, Broadcom holds a pivotal position in this deal and, leveraging its stellar credit rating, has consented to furnish financial guarantees for a segment of the loans, thus instilling greater confidence in banks regarding the risks associated with this significant loan. Nevertheless, according to individuals with knowledge of the situation, certain banks have expressed mounting concerns in recent weeks about participating in the deal, which has been codenamed 'Project North Star'.