Broadcom CEO says hedge-fund financing for OpenAI is like 'helping the underprivileged'
TiernanRayTech · x · 2026-09-03
- Snowflake extended its market-beating gains after hours as AI again drove growth.
- Broadcom CEO Hock Tan claimed financing Anthropic and OpenAI with hedge-fund money is akin to helping underprivileged children, a remark the author mocks as typical AI-industry hyperbole.
- C3.ai also says it is on a turnaround path. The post frames these as examples of inflated AI capital-market narratives.
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