By The Business Times
Publication Date: 2026-10-07 22:53:00
Published Thu, Oct 8, 2026 · 06:53 AM
[SAN FRANCISCO] Broadcom is arranging more than US$50 billion in financing for the custom artificial intelligence chip it is developing with OpenAI, part of a surge in deals to pay for AI infrastructure, the Wall Street Journal reported.
Apollo Global Management and Blackstone are among the lenders in talks to participate in the deal, the Journal said, citing unidentified people familiar with the discussions.
Oracle, meanwhile, is talking to Apollo and Goldman Sachs to line up money for the purchase of chips, the newspaper reported.
The companies are seeking the deals in the face of soaring costs to outfit data centres.
The AI build-out – meant to support a proliferation of software and services – has prompted tech giants to seek new forms of financing.
Broadcom had already said in June that it had established a platform, with Apollo and Blackstone as anchor investors, to help finance more than 20 gigawatts in computing capacity for AI…