OpenAI signs its third Big chip deal, partners with Broadcom to build AI processors

ChatGPT-maker OpenAI has struck its third major chip deal with Broadcom, agreeing to purchase 10 gigawatts of computer chips from the US semiconductor giant. This partnership is the latest in a series of deals by the Microsoft-backed artificial intelligence (AI) start-up worth hundreds of billions of dollars with Nvidia and AMD.

According to a report by The Financial Times, the order means OpenAI could spend another $350 billion to $500 billion on top of the roughly $1 trillion in chip and data centre deals it has signed in recent months as it races to secure the computing power to run services such as ChatGPT.