In order to scale AI infrastructure, OpenAI and Broadcom Inc. (AVGO), Monday announced a partnership to jointly develop 10 gigawatts of custom AI accelerators, integrating Broadcom's Ethernet and connectivity solutions.
The agreement calls for the deployment of racks of AI accelerator and network systems to start in the second half of 2026 and be finished by the end of 2029.
In order to improve performance and intelligence, OpenAI will design the accelerators and systems, integrating knowledge from its cutting-edge AI models straight into hardware.
Through the partnership, OpenAI's facilities and partner data centers will be able to meet the growing demand for AI worldwide.
AVGO is currently trading at $355.10, up $30.47 or 9.39 percent on the Nasdaq.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.