Bloomberg Intelligence BI Weekend: US Banks, Domino’s, LVMH Earnings
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Oct 17, 2025 Get the inside scoop on OpenAI's groundbreaking deal with Broadcom for custom AI chips! Domino's promotional strategies boost sales, while big banks exceed earnings expectations through strong trading and management growth. Luxury goods show signs of recovery, especially LVMH, as sales rebound in China and the U.S. Plus, Kellogg's adds protein to Pop-Tarts to meet consumer trends, and competition in AI chips heats up with Oracle's commitment to AMD. It's a whirlwind of insights across tech, food, finance, and luxury!
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Custom Chips Slash AI Infrastructure Costs
- OpenAI seeks massive compute scale and chooses custom silicon to cut costs significantly versus merchant GPUs.
- Mandeep Singh estimates Broadcom-style custom chips can be 30–40% cheaper per gigawatt than NVIDIA options.
Compute Deals Don’t Eliminate Huge Funding Needs
- OpenAI still needs vast financing despite vendor deals because full buildouts cost hundreds of billions.
- Mandeep Singh says revenue growth and private funding rounds are the path to cover remaining infrastructure costs.
Apple Likely To Favor Custom Silicon Route
- Apple has been absent from major AI compute partnerships but likely prefers custom silicon like Broadcom or Marvell.
- Mandeep Singh warns Apple risks falling behind because time-to-scale matters more than cash.