Broadcom Inc. is planning to arrange over $50 billion in financing to help OpenAI purchase custom artificial intelligence chips currently under co-development. To fund this massive AI infrastructure build-out, Broadcom is in early talks with major lenders, including Apollo Global Management and Blackstone. This initiative follows a broader industry surge in alternative financing, highlighted by Oracle seeking chip funding from Apollo and Goldman Sachs, as tech giants face soaring data center costs.
Broadcom financing for OpenAI chips
- ▪Broadcom Inc. is arranging more than $50 billion in financing for a custom artificial intelligence chip it is developing with OpenAI
- ▪Broadcom Inc. has held early discussions to arrange financing to help OpenAI purchase custom artificial intelligence chips that the two companies are developing together
Broadcom's Anthropic financing deal
- ▪Broadcom Inc. launched a $60 billion debt financing deal to help fund the artificial intelligence build-out of Anthropic PBC
- ▪Broadcom Inc. held talks in August 2026 to raise more than $60 billion in debt for an artificial intelligence chip financing deal to benefit Anthropic and other companies
Broadcom's infrastructure financing platform
- ▪Broadcom Inc. established a platform in June 2026 with Apollo Global Management and Blackstone as anchor investors to finance more than 20 gigawatts of computing capacity for artificial intelligence developers, including Anthropic and OpenAI, through 2028
- ▪The artificial intelligence infrastructure financing platform established by Broadcom Inc. in June 2026 began with an initial tranche of $35 billion led by Apollo Global Management in partnership with Blackstone
Oracle's chip financing discussions
- ▪Oracle is in discussions with Apollo Global Management and Goldman Sachs to line up financing for its purchase of artificial intelligence chips
- ▪Oracle's discussions for chip financing are part of a broader effort by technology companies to address the soaring costs of outfitting data centers
Debatable claims
- ▪The high cost of developing custom AI chips outweighs their long-term benefits
- ▪Broadcom's role in arranging customer financing exposes the company to unacceptable credit risks
- ▪Private credit is an inappropriate funding source for speculative AI infrastructure
- ▪The massive debt-fueled borrowing spree for AI infrastructure is financially unsustainable
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