[DEVELOPING] WSJ: Broadcom seeks over $50B in private financing for OpenAI custom chips; Oracle in chip-financing talks
Citing people familiar with the matter, the Wall Street Journal reported that Broadcom is trying to arrange more than $50B in financing for the custom AI chip it is building with OpenAI. Apollo and Blackstone are among the lenders approached; talks are early and the size could change. The same report said Oracle is in talks with Apollo and Goldman Sachs on an off-balance-sheet structure that would buy chips and lease them to Oracle. Both cited outlets are relaying the WSJ, and no company has commented, so this rests on one original report. Next to watch: confirmation, and whether Broadcom guarantees any of the OpenAI financing.