WSJ: Broadcom is trying to arrange more than $50B in financing for OpenAI's custom chips, with Apollo and Blackstone among the lenders and a close targeted before the end of 2026.

That money could cover several gigawatts of the 10 gigawatts OpenAI and Broadcom plan to deploy through 2029, under an internal chip program called Nexus whose first 2 generations are named Jalapeño and Serrano.

Oracle is negotiating with Apollo and Goldman Sachs over a lease structure in which investors fund a separate company that buys the chips, so Oracle can pay as cloud revenue arrives without borrowing more itself.