OpenAI Rolls Out Jalapeño Chip with Broadcom, Nvidia Falls to $195

OpenAI and Broadcom have launched the custom Jalapeño AI inference chip designed from scratch for workloads like ChatGPT. Nvidia shares traded at $195, down nearly 2%, after reports that OpenAI is building its own silicon to reduce reliance on Nvidia GPUs. The move follows Broadcom’s June 24 unveiling of the chip, which is slated for end-of-year deployment and comes after a previously explored $100 billion Nvidia-OpenAI deal failed to materialize.