Shenzhen has unveiled a comprehensive strategy to invest up to 300 million yuan annually to foster the development of key sectors such as autonomous driving and artificial intelligence chips. The initiative aims to enhance basic research, reduce costs for AI model training, and support innovative applications across various industries.

Broadcom's CEO Hock Tan predicts significant growth in the AI chip market, with the company's valuation surpassing $1 trillion for the first time. By 2027, Broadcom expects a serviceable addressable market of $60–90 billion in AI-related products and networks. The company is also benefiting from its $69 billion acquisition of VMware, which contributed $3.85 billion in revenue last quarter.

Broadcom CEO Hock Tan predicts a significant expansion in the AI chip market, with the company's valuation surpassing $1 trillion for the first time. He expects the serviceable addressable market for AI to reach between $60 billion and $90 billion by 2027, driven by substantial demand from major customers.

Broadcom forecasts the AI chip market will reach $60 billion to $90 billion by 2027, driven by rising demand for AI technologies. The company's recent growth in AI-related revenue is attributed to strong sales of its XPU and Ethernet chips. However, analysts caution about potential shifts in customer spending and chip design trends.

Broadcom has forecasted first-quarter revenue that surpasses Wall Street estimates, driven by a significant increase in demand for AI chips. The company's CEO anticipates substantial revenue opportunities from AI technologies in the coming years, suggesting a strong growth trajectory in this sector.

**Summary** 1. OpenAI and Broadcom are working on a custom inference chip to reduce operating costs. 2. The collaboration aims to enhance AI efficiency through hardware-software optimization. 3. Broadcom’s stock got a slight bump after the news broke, with AI silicon sales expected to hit $12 billion. 4. OpenAI envisions massive AI-powered data centers using these custom chips. 5. Although OpenAI won’t likely sell hardware, they may deploy these chips at the network edge.