Min-Liang Tan, the co-founder and CEO of Razer, stood on stage at Singapore’s SuperAI convention and said what a lot of Silicon Valley has been whispering for months: a tidal wave of AI-focused IPOs is coming, and the companies preparing to ride it are some of the biggest names in tech.

Tan namechecked SpaceX, Anthropic, and OpenAI as companies he expects to deliver blockbuster public listings. His framing was notably expansive. He called these anticipated debuts “just the beginning,” suggesting multiple waves of AI-linked companies will follow suit in tapping public capital markets.

Razer’s $600 million AI bet

Tan isn’t just commentating from the sidelines. Razer has committed over $600 million to AI development, a number that turns the gaming peripheral company into something more closely resembling an AI-forward tech firm.

Part of that investment involves hiring 150 AI scientists. The company is directing these resources toward gaming-specific applications, including developer tools and player coaching systems that leverage machine learning.