Broadcom working with OpenAI on a new chip: Reuters

Shares of Broadcom (AVGO) are rising after Reuters reported that the company is working with OpenAI on a new AI chip. Market Domination Hosts Julie Hyman and Josh Lipton report more on the story as the AI race heats up.

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This post was written by Melanie Riehl

Video Transcript

Take a look now at Broadcom, as that company is reportedly working with Open A I on a new A I ship.

This is according to Reuters.

So that is the headline.

Julia got attention.

Open A I, uh, work with Broadcom and TS MC build its first in house ship designed to support a I system.

This is per Reuters.

Uh, citing sources also says open A has dropped plans for now to build this network of foundries due to cost and time.

So now it's gonna focus on in house chip design broad kind up to date and adding to what has been just a remarkable run for hockey company.

Definitely.

There has been had been some reporting previously that open.

I was working on some sort of effort to develop those chips.

Um, a MD and NVIDIA reportedly had been potentially partners in helping it build out its infrastructure already.

Um, but this is new here that TS MC might be involved and that Broadcom, uh, might be involved.

And, as you know, anything touched with the open eye magic wand these days.

Uh, seems to be getting a lift, you know?

I mean, big picture, you look at open a I and other a I services.

They just need.

I mean, they need so much computing power.

Obviously you turn to everybody's turning to Jensen and the team at NVIDIA, but they would prefer other options.

And listen, if you have the engineering talent and the money, you would try an in house version.

Yeah, and there's also talk about the migration from training to inference, right?

The inference being the sort of second phase of a I training.