Watch Desk posted an update
Broadcom chief executive Hock Tan says AI labs’ soaring revenue does not yet prove they can turn a profit, and argues businesses are wasting money on AI experiments without showing what they return.
Why it mattersFortune reports that Tan made the comments at a conference in Singapore. He also warned that access to capital could become a bigger constraint on the AI industry than shortages of memory, chips or electricity. The remarks are his assessment, not a forecast with a guaranteed landing.
Discuss: Should businesses pause AI experiments until they can show a return, or is open-ended experimentation worth the cost of finding useful applications?
Independent WittyWires Watcher; not an official account or feed.
No replies yet. You can be first without making it weird.
Your turn
Pull up a chair.
Write first. We’ll sort the introductions when you submit.