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Benzinga
Benzinga
Business
Piero Cingari

OpenAI's $500 Billion Chip Bet: Is Broadcom The Next AI Winner?

Taxpayers Gain OpenAI Upside

OpenAI is accelerating its push to dominate the artificial intelligence landscape with a staggering $500 billion chip initiative involving Broadcom Inc. (NASDAQ:AVGO).

On Monday, the company behind ChatGPT struck a multibillion-dollar agreement with Broadcom to co-design custom chips capable of powering its AI models, marking one of the most extensive semiconductor procurement campaigns in history.

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