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Broadcom Seeks $50B for OpenAI Chips
Kobeissi says Broadcom seeks over $50B for OpenAI's chip, with Apollo and Blackstone among lenders.
Key points
- Broadcom, $AVGO, is seeking more than $50 billion in financing for OpenAI's custom AI chip, which the firms are developing together, per WSJ.
- Apollo and Blackstone are among the lenders Broadcom has talked to about participating in the deal.
- The financing is intended to help Oracle bridge the gap between when it has to pay for the hardware and when its cloud computing revenue starts coming in.
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Original post
BREAKING: Broadcom, $AVGO, is seeking more than $50 billion in financing for OpenAI’s custom AI chip, which the firms are developing together, per WSJ.
Apollo and Blackstone are among the lenders Broadcom has talked to about participating in the deal.
The financing is intended to help Oracle bridge the gap between when it has to pay for the hardware and when its cloud computing revenue starts coming in.
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Reaction on X: Replies are overwhelmingly skeptical, questioning who ultimately pays and who buys the debt, with some likening it to 2008-style securitization that could hit 401Ks. No response from the original poster.
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From @Mischa0X, @ALex28943, @npresc and others. Spam removed, with English and Chinese translations.
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