The AI race may be decided by financing—not just better chips
Source: Fortune ·
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In today’s CEO Daily: CEOs should ask who’s on the hook in AI financing deals. The big leadership story: Anthropic prepares for the 2028 election. The markets: Mostly up after reports on OpenAI’s revenue shook up the AI trade Plus: All the news and watercooler chat from Fortune Good morning. Will winning the AI race come down to creating better chips or creating financial ties that make customers harder to lose? This week brought more evidence that the competition in AI extends beyond technology into financing. Broadcom has reportedly held talks to raise around $30 billion in debt to help OpenAI buy chips they are developing together, following a similar $35 billion Anthropic deal and another $60 billion package in the works for Anthropic and others. Nvidia recently partnered with six finance firms to mobilize over $500 billion in third-party capital to finance customers’ AI infrastructure; it has direct stakes in AI companies valued at almost $100 billion. Meanwhile, AMD has offered…