Key facts
- Broadcom CEO Hock Tan said capital will be the biggest constraint for AI development.
- Tan compared some investment flows into AI to 'casino gambling.'
- Anthropic and OpenAI's latest models have demonstrated significant revenue generation potential for AI personal assistants.
Broadcom CEO Hock Tan has identified capital as the primary hurdle for continued growth in artificial intelligence development, stating that the company is overcoming challenges related to wafer and memory chip shortages. Tan made these remarks at a panel in Singapore on Monday, October 12, 2026.
He also drew a parallel between some investment flows into the AI sector and "casino gambling." Tan pointed to the revenue-generating capabilities demonstrated by the latest models from AI research labs Anthropic and OpenAI, particularly in the context of AI personal assistants.