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Broadcom CEO says generative AI will become a much larger part of global GDP

Broadcom CEO says generative AI will become a much larger part of global GDP

Broadcom CEO Hock Tan told CNBC’s Jim Cramer on Monday that artificial intelligence could become a larger part of global GDP as the technology spreads across industries. Tan said the current global GDP sits around $110 trillion, with 30% of that figure “valued from industries related to knowledge-based, technology-intensive.” “And you put in generative AI,…

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How Broadcom’s OpenAI deal fits into data center boom; what it means for AI trade

How Broadcom’s OpenAI deal fits into data center boom; what it means for AI trade

Kicking off the week with a bang, OpenAI announced another massive data center buildout partnership. This time with Club name and custom semiconductor industry leader Broadcom. Shares of Broadcom soared as much as 10.7% on Monday after the two companies revealed that they have been working for 18 months on custom-designed chips optimized for inference,…

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