Broadcom CEO Hock Tan likens many AI investors to casino gamblers
Broadcom chief executive Hock Tan compared many AI investors to gamblers who have little idea what they are betting on. He spoke on Monday at the DBS Asia Future Forward Conference in Singapore, Bloomberg reported.
“A lot of investors have no clue what they are investing in,” Tan said. They “set very extreme expectations only to find out that it’s almost like they are in a casino.”
Tan shared the stage with Intel CEO Lip-Bu Tan, in a panel on where the next trillion dollars in AI will come from. DBS chief executive Tan Su Shan moderated. TikTok’s Shou Chew spoke earlier at the same conference.
“Wasting money” on tokens
Hock Tan said most companies have not yet found AI uses that pay off, The Business Times reported.
“People are just wasting money, spending tokens, trying to understand (AI),” he said.
He compared it to a child at an...
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