BROADCOM SEEKS $50B+ IN FINANCING FOR OPENAI’S CUSTOM AI CHIPS: WSJ
Apollo and Blackstone are among the lenders $AVGO has approached about participating.
The financing could cover several gigawatts of chip capacity, with a deal expected before year-end. Discussions remain early, and the amount could change.
OpenAI’s chip program is internally known as “Nexus,” with its first two generations named “Jalapeño” and “Serrano.”
The companies previously announced a partnership to develop 10 GW of custom AI chips using Broadcom’s networking technology, with deployments planned from the second half of 2026 through 2029.
The financing push comes as OpenAI looks to own more of its computing infrastructure to lower costs and reduce reliance on cloud providers.
Source: WSJ.
Apollo and Blackstone are among the lenders $AVGO has approached about participating.
The financing could cover several gigawatts of chip capacity, with a deal expected before year-end. Discussions remain early, and the amount could change.
OpenAI’s chip program is internally known as “Nexus,” with its first two generations named “Jalapeño” and “Serrano.”
The companies previously announced a partnership to develop 10 GW of custom AI chips using Broadcom’s networking technology, with deployments planned from the second half of 2026 through 2029.
The financing push comes as OpenAI looks to own more of its computing infrastructure to lower costs and reduce reliance on cloud providers.
Source: WSJ.