Broadcom CEO：AI 最大瓶颈是资本而非芯片
芯片公司老板说缺的不是算力是钱，还预测供不应求能撑到 2030 年，这个判断值得听听。
Broadcom CEO Hock Tan 认为资本可能成为 AI 的最大约束，而非芯片、内存或电力。原因是数据中心和芯片需要多年投入才能产生收益，债券收益率上升会推高融资成本。Intel CEO Lip-Bu Tan 也称"资本与资本成本"是第一线的挑战，投资人最终会要求看到回报。两人都认为需求未见降温，Hock Tan 表示算力需求超过供给的状态可能持续到 2029 甚至 2030 年。
Broadcom CEO Hock Tan says capital, not chips, memory or power, may become AI’s biggest constraint.
inancing is harder to fix, because data centers and chips get paid for years before they earn anything, and higher bond yields raise that cost.
Intel CEO Lip-Bu Tan named the same pressure, calling “capital and the cost of capital” the front-line challenge and saying people will eventually want to see ROI.
Neither sees demand cooling soon, and Hock Tan said compute demand outstrips supply and could stay that way through 2029, possibly into 2030.