Apollo and Blackstone Arrange $36B AI Chip Purchase as Court Fines Google $31,600
GOOG•Apollo and Blackstone are structuring a $36 billion financing to acquire Google AI chips for Anthropic, boosting chip demand and driving revenue. The Delhi High Court ordered Google to pay $31,600 in trademark damages for allowing rivals to bid on Hindware as a keyword, risking changes to Indian ad auction model.
1. $36B AI Chip Financing for Anthropic
Apollo Global Management and Blackstone Partners are arranging a $36 billion financing package to acquire Google’s proprietary AI chips for Anthropic. The transaction secures long-term chip demand, enhances Google's data center hardware sales, and signals robust investor support for its AI infrastructure.
2. Delhi High Court $31,600 Trademark Penalty
The Delhi High Court found that Google allowed competitors to bid on Hindware’s trademark as an AdWords keyword and ordered a $31,600 damages payment. The ruling challenges Google's keyword auction model in India, one of its largest ad markets, and may prompt changes to its trademark and auction policies.
