AI BriefingOracle, Broadcom, and SpaceX Seek Blockbuster Debt Deals to Pay for AI Chips
Key point
Broadcom is arranging more than $50 billion in financing for OpenAI's custom AI chip.
Details
Major artificial intelligence players are lining up blockbuster financing deals to pay for computing hardware, driven by a rush for capital as data-center build-outs accelerate. In recent weeks, Broadcom has been working to arrange more than $50 billion in financing for OpenAI's custom artificial intelligence chip, which the two firms are developing together, according to sources familiar with the discussions.
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