Technology giants are expected to continue investing heavily in artificial intelligence (AI) until the end of the decade, according to Hock Tan, the CEO of American semiconductor manufacturer Broadcom. This was reported by Interfax-Kazakhstan.
He stated that clients from Silicon Valley are rapidly planning investments in AI infrastructure for the next 3-5 years.
“They are investing at full speed,” he said in an interview with the Financial Times. “They will stop when they run out of money or when shareholders put an end to it.”
Broadcom does not disclose its chip customers, but analysts suggest that the company has developed custom processors to accelerate the training and deployment of AI systems in collaboration with Google, Meta, and China's ByteDance.
According to media reports, Broadcom is also working with OpenAI and Apple Inc., assisting them in the development of their own server AI chips.
Furthermore, Tan indicated that Broadcom is not pursuing the acquisition of struggling Intel Corp. The CEO mentioned that a significant portion of his resources and attention is focused on AI chips, and he has not received any requests to collaborate with this company.
“I can only make a deal if it involves some activity,” he noted. “This means that someone has to come to me and ask. After Qualcomm, I learned one thing: no hostile takeovers.”
In 2018, U.S. authorities blocked Broadcom's hostile takeover of Qualcomm Inc. Earlier this year, media reports indicated Qualcomm's interest in Intel.