Market News / Story
Broadcom in talks for $50B+ financing deal to fund OpenAI's custom chips
Seeking Alpha ·
Seeking Alpha reports: Broadcom is in early discussions to arrange more than $50B in debt financing to help OpenAI (OPENAI) fund purchases of custom artificial intelligence chips the two companies are jointly developing, according to reports from Bloomberg and The Wall Street Journal . As per the report, Private credit powerhouses including Apollo Global Management and Blackstone are among the potential lenders approached by Broadcom, though talks remain preliminary with no deal expected…