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 family offices bet on sports from fantasy apps to ski resorts

How family offices bet on sports from fantasy apps to ski resorts

Key Points A third of investment firms of the ultra-rich have invested in sports, according to a new family office survey by BNY Mellon. While billionaire sports-team buyouts get the headlines, family offices are increasingly investing in adjacent assets like live-viewing venues and betting apps. Here’s how the family offices of ultra-rich sports team owners…

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