Another wave in AI infrastructure financing! Broadcom (AVGO.US) plans to raise over 50 billions USD for OpenAI's chip project.
Foreign media reported that Broadcom (AVGO, US) is arranging over $50 billions in financing for its joint development of custom AI chips with OpenAI, marking the latest example in the trend of large-scale AI infrastructure financing deals.
Zhitong Finance APP has learned that, according to foreign media reports, Broadcom (AVGO, US) is arranging financing of over $50 billion for its custom artificial intelligence chip co-developed with OpenAI, marking the latest example of the surge in AI infrastructure financing deals.
The report, citing sources familiar with the matter, states that lenders such as Apollo Global Management and Blackstone Group are in talks to participate in the deal. Meanwhile, Oracle is in discussions with Apollo and Goldman Sachs to raise funds for chip procurement.
Faced with soaring data center construction costs, these firms are seeking such financing deals. The booming demand for AI infrastructure to support the mass adoption of software and services is prompting tech giants to turn to new financing methods.
In June, Broadcom stated that it had set up a financing platform with Apollo and Blackstone as anchor investors, aiming by 2028 to provide financing for over 20 GW of computing power for AI developers, including Anthropic and OpenAI. The initial scale of this platform is $35 billion, led by Apollo together with Blackstone.
In August, it was reported that Broadcom had discussed with a group of lenders to raise over $60 billion in debt for an AI chip financing deal, from which Anthropic and other companies would benefit.
From a broader perspective, the scale of AI infrastructure financing has entered the trillion-dollar era. According to a report released by BofA Securities in September, since the launch of ChatGPT in November 2022, the cumulative issuance of debt by AI-related companies, securitization products, and project financing has reached $1.374 trillion, with $635.1 billion issued since 2026 alone.
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