#openai-deal
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from24/7 Wall St.
1 month agoBroadcom Is a Verified AI Powerhouse, but Is Risk Rising, Too?
Broadcom's $10 billion-plus agreement with OpenAI is a cornerstone of its AI strategy. Unlike the vendor-financing deals with Nvidia, Advanced Micro Devices ( ), or Oracle ( L) where equity stakes or investments grease the wheels, this is a cash-based supply contract. Broadcom will deliver 10 gigawatts of custom-designed AI accelerators - tailored for OpenAI's training and inference workloads - alongside Ethernet networking and full rack systems, starting in the second half of 2026 through 2029.
Tech industry
fromIT Pro
1 month agoOracle leadership shake-up comes at 'the right moment' as Safra Catz makes way for co-CEOS
"Humanity is investing enormous resources in the race to advance Artificial Intelligence," said Oracle chairman and CTO Larry Ellison. "Clay's years of experience leading Oracle's large, fast-growing Cloud Infrastructure business has demonstrated his readiness for a CEO role." "Mike has spent the last several years modernizing Oracle's Industry applications businesses - including Oracle Health - by completely rebuilding those applications using the latest AI technologies."
Business
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