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Broadcom shares dropped 4% due to reported funding issues for an $18 billion chip deal with OpenAI.
The deal involves Broadcom financing the initial phase of AI chip production, requiring significant data center power. Negotiations stalled over Microsoft's commitment to purchase a substantial portion of the chips.
OpenAI needs this funding to cover projected operating expenses exceeding $200 billion by 2029 and reduce infrastructure costs.
Source (Russian)
The deal involves Broadcom financing the initial phase of AI chip production, requiring significant data center power. Negotiations stalled over Microsoft's commitment to purchase a substantial portion of the chips.
OpenAI needs this funding to cover projected operating expenses exceeding $200 billion by 2029 and reduce infrastructure costs.
Source (Russian)