20 AI News You Probably Missed

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8. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 130

Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor infrastructure software solutions. Hock Tan, the CEO of the firm, made an appearance on CNBC earlier this week, predicting that hyperscale semiconductor customers would continue building AI clusters for another three to five years, with each generation of machines to double in size. The Broadcom Inc. (NASDAQ:AVGO) boss said those builds could be annual, and each would require two or three times the compute power of their predecessors. Per the CEO, this would create a larger compute opportunity that would be met by XPUs – an auxiliary processing unit that runs inside a data center server or appliance. Tan further noted that the AI clusters hyperscalers were building used 100,000 accelerators, but future rigs would require a million.

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