Broadcom is raising over $50 billion for an AI chip project tailored for OpenAI, with Apollo and Blackstone joining in. Oracle is also seeking funds to buy chips
According to foreign media, Broadcom is arranging financing of over $50 billion for a custom AI chip project in collaboration with OpenAI. Apollo Global Management and Blackstone Group are negotiating to participate in this large loan. At the same time, Oracle is discussing with Apollo and Goldman Sachs to raise funds for chip purchases. This financing chain connects Broadcom, OpenAI, Oracle, and several financial institutions, highlighting the huge capital demands behind the AI chip competition.