Broadcom's Hock Tan says funding may limit AI growth
Broadcom's chief executive told a Singapore panel that financing, rather than semiconductor supply, is now the main limit on the firm's artificial intelligence expansion. Intel's CEO echoed the concern that capital access could slow the AI boom.
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What happened
Broadcom CEO Hock Tan said on Monday that capital, not chips, is now the biggest constraint on the company's AI growth. Speaking at a panel in Singapore, he said Broadcom is getting past wafer and memory shortages. Intel's CEO joined him in warning that access to capital could become a major bottleneck for the AI boom.
Timeline
- Oct 12, 3:41 AM ET: Broadcom CEO Hock Tan said capital, not chips, is now the biggest constraint on the company's AI growth at a Singapore panel.
- Oct 12, 4:27 AM ET: The CEOs of Intel and Broadcom warned that capital access could become a major bottleneck for the AI boom.
- Oct 13, 2:00 AM ET: Tan said OpenAI's $50B annualized revenue as of September points to a viable business, while warning about AI funding constraints.
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