AI News That Broke The Internet This Week

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9. Broadcom Inc. (NASDAQ:AVGO)

Number of Hedge Fund Holders: 130

Broadcom Inc. (NASDAQ:AVGO) supplies semiconductor infrastructure software solutions. The firm, earlier this week, unveiled several tools related to the recent VMware acquisition as part of a larger effort to boost growth in the booming artificial intelligence market. The new tools would increase the exposure of the chipmaker to the edge computing market, which is expected to be worth $232 billion this year. Marker experts predict that the edge AI market will have an increased focus on software-defined products and services to boost both AI and non-AI workloads in the coming months.

Sanjay Uppal, an executive at Broadcom Inc. (NASDAQ:AVGO), commented during the launch of the new AI tools, highlighting that they would uniquely offer enterprises a good, better, best approach to connectivity at the edge by allowing them to tweak real-time WAN performance, gain insights from the network, and program the network. He added that this convergence of the underlay network enabled enterprises to build networks in minutes to support workloads.

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