Reported 28 days ago
Broadcom Inc. shares surged nearly 4% after reports emerged that OpenAI is collaborating with the company to develop a new artificial intelligence chip, utilizing Broadcom and Taiwan Semiconductor Manufacturing Co. for production. OpenAI is shifting away from plans to create its own factories due to high costs and time, instead opting to enhance its processing capabilities through partnerships as demand for AI computing power explodes.
Source: YAHOO