35 AI News You Should Not Miss

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8. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 130

Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor and infrastructure software solutions. The company recently announced that it had launched the BCM68660 and BCM55050, the first merchant silicon 50G PON Optical Line Terminal-Optical Network Unit devices with an embedded neural processing unit. According to the chipmaker, the devices are designed to boost artificial intelligence and machine learning, and also enable telecom operators to drive new applications on 50G fiber broadband networks. The firm also noted that the new solution gives 40x speed and lower latency than current gigabit solutions, which will boost consumer broadband experience, leading to better live-streaming and a faster gaming experience.

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