Broadcom Inc (NASDAQ:AVGO, XETRA:1YD) is arranging more than $50 billion in financing for custom artificial intelligence (AI) chips it is developing with OpenAI, as demand for computing capacity drives increasingly large funding deals. Apollo Global Management (NYSE:APO) and Blackstone are among the lenders Broadcom has approached, with discussions at an early stage and the size of the financing potentially subject to change, Bloomberg reports.
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