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T&B Tech Minute for Wednesday, June 24th. I'm Julie Chang for the Wall Street Journal.

Open AI and Broadcom have joined forces to develop a custom AI chip for large language model

in France. The chip, dubbed Halapeno, was built from scratch to improve efficiency and lower

costs for serving AI systems at scale. Open AI and Broadcom didn't disclose specific performance measures,

but said a more detailed report will be available in the coming months.

The project is part of OpenAI strategy to reduce reliance on external hardware suppliers

and optimize infrastructure for its growing AI services.

Broadcom said the project represents the start of a multi-generation collaboration aimed at building large-scale AI infrastructure.

Qualcomm has agreed to acquire AI software company modular in a $3.9 billion stock deal.

The acquisition is an effort to make AI faster and cheaper for the semiconductor company's customers.

Modular makes software that allows AI to run efficiently across hardware architectures,

enabling developers to deploy AI at a lower cost.

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