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Broadcom CEO Hock Tan compares many AI investors to casino gamblers
Quartz, citing Bloomberg, reports that Tan questioned whether businesses are spending productively on AI, likening experimentation to arcade tokens.
TLDR
Quartz, citing Bloomberg, reports that Broadcom CEO Hock Tan said many AI investors don't understand what they're funding and set extreme expectations. He also compared companies' AI experimentation to burning through arcade tokens without learning anything. Tan cited OpenAI's annualized revenue hitting $50 billion in September as encouraging, but said model-training costs still stand in the way of profitability.
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