Sources: Broadcom has been working to arrange more than $50B in financing for OpenAI's custom AI chip; Oracle is in talks on financing for a big chip purchase (Wall Street Journal)

Broadcom is working to arrange over $50 billion in financing for OpenAI's custom AI chip production. The financing package, known internally as Nexus, aims to deploy multiple gigawatts of capacity through 2029.

According to Investing.com, Broadcom is engaging private market titans Apollo Global Management and Blackstone in early-stage talks, as well as Goldman Sachs. Oracle is also in talks with Apollo and Goldman Sachs on a dedicated financing framework aimed at procuring hardware for a 1-gigawatt data center facility.

The financing deals, worth tens of billions of dollars each, signal that traditional public bond markets and internal corporate cash flows are approaching their limits under the immense financial strain of global data-center expansion. The proposed structure for Oracle's deal would involve private investors funding an off-balance-sheet entity to buy the chips and lease them back to Oracle.

Brief written by urgent.news from Techmeme, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.