Business Times frames Broadcom CEO's "casino" comment as reaction to OpenAI ARR disappointment
firstadopter · x · 2026-10-13
A retweet showing how Singapore's Business Times framed Broadcom CEO Hock Tan's remarks: the "casino gambling" comment was made in the context of investor disappointment over OpenAI's latest revenue forecast. Tan argued US$50B annualized revenue is "by itself, not that bad" for a startup, and that disappointment stems from investors not understanding the business model of AI companies, which is viable "for now". Both chipmaker leaders see no signs of a sector slowdown despite bubble fears.
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