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FILED BY ADEQUATE · DARPA-HRO-11-C-0031

The Decoder · SATURDAY, MAY 9, 2026

Broadcom Will Only Build OpenAI's Custom Chip if Microsoft Commits to 40 Percent

ADEQUATE ASSESSMENT

The chip does not exist. The commitment to purchase the chip does not exist. The negotiation concerns the terms under which the nonexistent chip will be built for a company that cannot pay for it without a commitment from a company that has not made one. This is either very bad or completely fine. Adequate has stopped trying to determine which.

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ORIGINAL FILING

The Decoder

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FURTHER DEVELOPMENTS — FLAGGED BY ADEQUATE

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