Broadcom CEO Hock Tan discusses how AI contributes to the global GDP.
Monday - Friday, 6:00 - 7:00 PM ET
In this article
Broadcom
CEO Hock Tan told CNBC’s Jim Cramer on Monday that artificial intelligence could become a larger part of global GDP as the technology spreads across industries.
Tan said the current global GDP sits around $110 trillion, with 30% of that figure “valued from industries related to knowledge-based, technology-intensive.”
Broadcom reported that AI revenue more than doubled in the latest quarter and is projecting continued growth as demand soars.
Broadcom's AI revenue forecast surpassed many bullish expectations from Wall Street analysts.
Broadcom said on its earnings call that it secured $10 billion in orders for its custom AI chips from a fourth customer.
Broadcom has been one of the biggest winners in the AI boom and investor expectations are growing.
Broadcom, which contributes to Google's Tensor Processing Units, called for artificial intelligence revenue to double in the…
Broadcom’s artificial intelligence business is at the center of the company’s recent boom.
