Rohan Paul (@rohanpaul_ai) · 2026/10/12 21:30:23
博通 CEO 警告 AI 瓶颈转向资本成本：算力供需失衡或持续至 2030 年
博通 CEO Hock Tan 指出，AI 发展的最大制约因素已从芯片、内存和电力转变为资本融资难度。由于数据中心回报周期长且债券收益率上升，资金成本成为核心挑战，英特尔 CEO 亦认同此观点。尽管面临资本压力，双方均认为算力需求将持续超过供给，这种供需失衡状态可能延续至 2029 年甚至 2030 年。
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Rohan Paul (@rohanpaul_ai) · 2026-10-12 13
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.
