Broadcom and OpenAI Announce Major AI Chip Partnership

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Source: Investor's Business Daily
Broadcom and OpenAI Announce Major AI Chip Partnership
Photo: Investor's Business Daily
TL;DR

Broadcom's stock surged over 10% after announcing a multiyear deal to supply AI processors to OpenAI, following similar agreements with AMD and Nvidia, as part of OpenAI's extensive AI infrastructure expansion expected to deploy 10 gigawatts of AI accelerators by 2029.

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