Broadcom, Apollo And Blackstone Are Quietly Building An AI Infrastructure Giant

The AI boom has largely been viewed through the lens of chipmakers, with investors closely tracking the companies supplying the processors powering the next generation of artificial intelligence. Broadcom Inc. (NASDAQ:AVGO) may have just revealed a much bigger ambition.

Financing The AI Boom

During the company’s fiscal second-quarter earnings call, CEO Hock Tan outlined a strategy that extends far beyond selling semiconductors. The plan involves combining Broadcom’s technology with deep-pocketed financial partners to build massive amounts of AI compute capacity for some of the world’s leading AI developers.

“Our strategic vision is to bring together Broadcom’s leading technology and investor partners with the strongest balance sheets to deliver at scale sufficient compute capacity at the lowest cost and power for the leading AI frontier labs including Anthropic and OpenAI,” Tan said.

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Broadcom, Apollo And Blackstone Are Quietly Building An AI Infrastructure Giant

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