Bloomberg’s Ed Ludlow takes a look at OpenAI&#x27;s first custom AI chip, called Jalapeno, developed in partnership with Broadcom. Plus, SK Hynix is planning to raise $29 billion in a landmark US listing, and Cerebras CEO Andrew Feldman weighs in on the company&#x27;s first quarterly earnings since going public.<br>See omnystudio.com/listener for privacy information.

OpenAI Unveils First Custom AI Chip With Broadcom

Bloomberg Tech

# Full Transcript

**Podcast:** Bloomberg Tech

## Transcript

[SPEAKER_04] You have invested in artificial intelligence. Maybe you have pilots or even proofs of concepts that show real promise. The next opportunity is scaling that success across the business. At EY Consulting, we help organizations redesign how work gets done so innovation can move beyond the nascent stage. By addressing architecture, operating models, and governance, we help AI deliver real, lasting value at scale. When AI fits how you actually work, that is EY Consulting.

[SPEAKER_10] The thing about AI for business, it may not automatically fit the way your business works. At IBM, we've seen this firsthand. But by embedding AI across HR, IT, and procurement processes, we've reduced costs by millions, slash repetitive tasks, and freed thousands of hours for strategic work. Now we're helping companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business. IBM.

[SPEAKER_05] When you're running a business, the best days are the ones where priorities stay on track. For midsize and large companies, risk can affect multiple parts of the organization at once, from property and liability to cyber and regulatory challenges. At that level, managing risk becomes an ongoing discipline. At the Hartford, the focus is on helping businesses manage risk before it turns into something more disruptive.

[SPEAKER_05] And when losses do happen, that work is paired with insurance coverage shaped by years of underwriting, risk engineering, and claims experience. Learn more at thehartford.com slash risk mitigation. Policy is provided by Hartford Fire Insurance Company and its property and casualty affiliates, Hartford, Connecticut.

[SPEAKER_08] Bloomberg Audio Studios. Podcasts, radio, news. Bloomberg Tech is live from the heart of Silicon Valley with Ed Ludlow in San Francisco.

[SPEAKER_07] This is Bloomberg Tech. Coming up, OpenAI unveils its first custom AI chip called Jalapeno, developed in partnership with Broadcom. Plus, SK Hynix is planning to raise $29 billion in a landmark U.S. listing, racing to increase capacity to meet memory chip demand. And Cerebras reports quarterly earnings for the first time since going public. CEO Andrew Feldman joins us later this hour. Let's get to our top story, custom silicon.

[SPEAKER_07] OpenAI is tackling one of AI's biggest challenges, the supply and cost of computing. The company unveiled Jalapeno Intelligence Processor. That's the wafer, a custom AI chip developed with Broadcom, which the companies say carries a 50% lower cost versus a typical AI GPU. The focus, faster, cheaper AI inference. Shares of Broadcom opened pretty higher, around 2%.

[SPEAKER_07] We're off session highs, but still up a percentage point or so in a market where tech at the index level kind of flat. This is outperformance. Bloomberg Tech editor Seth Figerman is here with the details. This is the big picture...

OpenAI Unveils First Custom AI Chip With Broadcom

Transcript

Built for investment professionals

Every day you wait, your competitors are finding
edge in conversations you're not hearing.

OpenAI Unveils First Custom AI Chip With Broadcom

Transcript

Built for investment professionals

Every day you wait, your competitors are findingedge in conversations you're not hearing.

Every day you wait, your competitors are finding
edge in conversations you're not hearing.