[BIG TECH]■ STORY TIMELINE

OPENAI, BROADCOM IN $18B CHIP DEAL TALKS

OpenAI and Broadcom are negotiating terms for Broadcom to finance initial custom chip production valued at approximately $18 billion, with Microsoft's agreement to purchase roughly 40% of the output serving as a key condition.

4 SOURCESFIRST SEEN MAY 7, 08:05 PM► READ THE ARTICLE

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Sources: OpenAI and Broadcom discuss terms for Broadcom to finance initial custom chip production for ~$18B, conditioned on Microsoft buying ~40% of the chips (Anissa Gardizy/The Information)

Anissa Gardizy / The Information: Sources: OpenAI and Broadcom discuss terms for Broadcom to finance initial custom chip…

Techmeme+4h 25m

Sources: AI model builder Core Automation, founded in March by Jerry Tworek, aims to raise $300M-$500M at a $4B valuation after raising $100M at a $1B valuation (The Information)

The Information: Sources: AI model builder Core Automation, founded in March by Jerry Tworek, aims to raise $300M-$500M…

Techmeme+18h 35m

Investor letter: TCI, one of the world's biggest hedge funds, cut almost all of its $8B Microsoft stake, citing AI risks primarily for Office and some for Azure (Costas Mourselas/Financial Times)

Costas Mourselas / Financial Times: Investor letter: TCI, one of the world's biggest hedge funds, cut almost all of its…

Techmeme+23h 40m

Sources: Apollo Global and Blackstone are among private credit lenders in talks with Broadcom over a ~$35B financing deal to fund the development of AI chips (Bloomberg)

Bloomberg: Sources: Apollo Global and Blackstone are among private credit lenders in talks with Broadcom over a ~$35B fi…

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