A new multi-year partnership between OpenAI and Broadcom aims to create specialized chips for artificial intelligence. Greg Brockman of OpenAI and Charlie Kawwas of Broadcom joined CNBC’s “Squawk on the Street” to share why these devices—and the emerging industry behind them—will prove critical in powering the AI revolution.

Microsoft’s efforts to break into the AI hardware market face new hurdles as delays push its custom chip production to 2026. The postponed rollout of the Maia chip raises doubts about Microsoft’s ability to challenge Nvidia’s dominance in AI technology.