Broadcom in talks for $50B+ financing deal to fund OpenAI's custom chips

[Broadcom] G0d4ather/iStock Editorial via Getty Images Broadcom (AVGO [https://seekingalpha.com/symbol/AVGO]) is in early discussions to arrange more than $50B in debt financing to help OpenAI (OPENAI) fund purchases of custom artificial intelligence chips the two companies are jointly developing, according to reports from _Bloomberg_ and _The Wall Street Journal_. As per the report, Private credit powerhouses including Apollo Global Management (APO [https://seekingalpha.com/symbol/APO]) and Blackstone (BX [https://seekingalpha.com/symbol/BX]) are among the potential lenders approached by Broadcom, though talks remain preliminary with no deal expected before year-end.