Broadcom CEO Chen Fuyang said that many investors who bet on the AI and chip circuit have investment strategies like casino gamblers, and some of them have no idea what they are betting on. As one of the world's largest data center infrastructure suppliers, Chen Fuyang also criticized some companies for wasting money on AI projects, and questioned whether AI laboratories, which continue to lose money, can achieve long-term commercial value. “A lot of investors don't even know what they're investing in.” Chen Fuyang said that investors had extremely optimistic expectations, but at the end of the day, they discovered that it was almost like being in a casino. Chen Fuyang also mentioned that OpenAI achieved annual revenue of 50 billion US dollars in September, which shows that its business model is viable, but it cannot guarantee long-term profits. “Currently, it is still at a loss because it requires huge investment in model training.” The CEO of Broadcom added, “Frankly speaking, this only proves that cutting-edge generative AI models have huge potential for revenue growth at this stage; that's all.”

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.