In this article

AVGO

Follow your favorite stocks CREATE FREE ACCOUNT

Broadcom and OpenAI have made their partnership official.

The two companies said Monday that they're jointly building and deploying 10 gigawatts of custom artificial intelligence accelerators as part of a broader effort across the industry to scale AI infrastructure. Financial terms weren't disclosed.

Broadcom shares climbed 9% following news of the deal.

While the companies have been working together for 18 months, they're now going public with plans to develop and deploy racks of OpenAI-designed chips starting late next year. OpenAI has announced massive deals in recent weeks with Nvidia , Oracle and Advanced Micro Devices , as it tries to secure the capital and compute need

See Full Page