Broadcom CEO calls AI ‘a casino’ after co-founder dumped $750 million
Photo: Protos
When Broadcom CEO Hock Tan called AI investors gamblers behaving “like they are in a casino” on Monday, he failed to mention that his company’s own co-founder has sold roughly $750 million worth of AI stock to AI investors this year. Tan told a Singapore conference on Monday that AI investors are behaving like gamblers who “set very extreme expectations only to find out that it’s almost like they are in a casino.” He also compared AI spending to arcade tokens, saying, “Your parents give you $10 of tokens, you finish it in 10 minutes and you haven’t learned anything.”…
Source: Protos
