Broadcom plans to raise more than $50 billion to finance a custom chip project for OpenAI.

Broadcom is arranging more than $50 billion in financing for its custom artificial intelligence chip project developed in partnership with OpenAI. Apollo Global Management and Blackstone Group are among the lenders in talks to participate in this financing. Meanwhile, Oracle is also in discussions with Apollo and Goldman Sachs to raise funds for purchasing chips. As data center construction costs soar, tech companies are racing to seek financing. To support a growing array of AI software and services, tech giants are aggressively building AI infrastructure, which is also prompting them to seek new financing methods.