Broadcom CEO Forecasts AI-Driven Expansion in Tech Sector GDP
Broadcom CEO Hock Tan projects generative AI could elevate technology's share of global GDP from 30% to 40%, adding $10 trillion annually. The semiconductor giant's partnership with OpenAI aims to deploy 10 GW of AI accelerators by 2029, while $10 billion in new chip orders underscores hyperscaler demand.
Tan's CNBC interview highlighted AI's cross-industry penetration, noting its potential to 'create intelligence across multiple facets of society.' Broadcom shares rallied on news of the OpenAI collaboration, reflecting market Optimism about specialized AI hardware infrastructure.