At Broadcom’s annual Explore conference in Las Vegas, VMware, a major private cloud platform owned by Broadcom, officially launched its latest initiatives focused on private cloud and private AI services. The company highlighted the growing momentum of private cloud adoption throughout 2024 and forecasted its establishment as a dominant enterprise solution by 2025. Broadcom CEO Hock Tan reported that nine of the top ten Fortune Global 500 firms have already implemented VMware Cloud Foundation (VCF) in their IT infrastructure.