Nvidia dominates the AI chip market, but there's more competition than ever
Publishing timestamp: 2024-06-02 08:30:01
Summary
Nvidia dominates the AI chip market with 70-95% market share, but faces increasing competition from startups, cloud companies, and other chipmakers. While Nvidia's market cap has soared, its CEO is concerned about maintaining its edge. Competitors like AMD, Intel, and D-Matrix are developing alternative AI chips, and big tech companies like Google, Amazon, and Microsoft are also entering the market. The future of AI chips may see a shift towards more efficient processing on devices like laptops and smartphones.
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Keywords: technology, meta platforms inc, business, mobile, breaking news: technology, jensen huang, oracle corp, alphabet inc, business news, glaxosmithkline pharmaceuticals ltd, advanced micro devices inc, intel corp, apple inc, microsoft corp, amazon.com inc, nvidia corp,