Broadcom CEO Hock Tan said many AI investors "have no clue what they are investing in" and set extreme expectations only to find it is "almost like they are in a casino," speaking Monday at the DBS Asia Future Forward Conference in Singapore on a panel with Intel CEO Lip-Bu Tan, moderated by DBS CEO Tan Su Shan. He said many enterprises are "just wasting money, spending tokens" like a child spending $10 in ten minutes at an arcade, and described OpenAI's $50bn annualised revenue in September as "by itself, not that bad" for a startup that is still losing money because of heavy training spend. Both CEOs said capital could become a bigger constraint on AI than chips, memory or power; Tan said compute demand should outstrip supply through 2029, possibly into 2030, with wafer shortages easing by 2028 or 2029, and Broadcom is raising $60bn in debt to help Anthropic and other customers pay for AI chips and infrastructure.

Broadcom·Hock Tan·Intel·+5