Sources: OpenAI has picked two law firms to prepare its IPO, which could come as soon as Q4, in one of its first concrete steps toward a public listing

Broadcom reports Q1 revenue up 29% YoY to $19.31B, vs. $19.18B est., AI revenue up 106% to $8.4B, and announces a $10B share buyback program — Broadcom reported better-than-expected earnings and revenue and issued a strong forecast for the current period as the chipmaker continues to benefit from the artificial intelligence boom.