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Big Tech’s spending frenzy on artificial intelligence will continue until the end of the decade, according to the head of Broadcom, which has soared to a valuation of more than $1tn on growing investor excitement about its AI chips business.
Hock Tan, Broadcom’s chief executive, told the Financial Times his clients in Silicon Valley were drawing up AI infrastructure investment plans spanning “three to five years in a very big hurry”.
“They are investing full-tilt,” he said. “They will stop when they run out of money or when shareholders put a stop to this.”
https://www.ft.com/content/5b4160b7-6920-4bf2-a1a8-f1404b513d8f
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