OpenAI and Broadcom sign deal to build up to 10 gigawatts of custom chips, Broadcom stock surges

OpenAI (OPAI.PVT) announced on Monday that it has entered into an agreement with Broadcom (AVGO) that will see the two codevelop up to 10 gigawatts of AI accelerators. The announcement comes just a week after OpenAI announced a multiyear, multibillion-dollar deal with AMD (AMD) that will see the chipmaker provide OpenAI with up to 6 gigawatts of AI processors. Shares of Broadcom jumped more than 9% on the news in early trading. OpenAI is the world's most valuable startup, surpassing Elon Musk's SpaceX a ...