Technology · 48 minutes ago
Broadcom CEO says many AI investors are like casino gamblers
Greg Bezat, d/b/a Bezat Video Group via Wikimedia Commons (CC BY-SA 4.0)
Hock Tan, the head of chipmaker Broadcom, said on Monday that many investors in the AI boom don't understand what they are buying. He compared their strategies to gambling and questioned whether businesses are wasting money on AI initiatives. Tan also raised doubts about the long-term profitability of AI labs like OpenAI, despite strong revenue.
Reported by investinglive.com · How we write briefs