Yahoo Finance's NEXT: How rivals are taking on Nvidia in the AI chip race

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Tech giants are racing to build their own AI chips in an effort to reduce their dependence on Nvidia.

) is on top of the tech world. The graphics chip giant is leading the AI revolution thanks to prescient investments in AI processing years before anyone was talking about ChatGPT.But Nvidia is just one company, and as the AI explosion continues to reverberate across the tech industry, major players ranging from Amazon “It has become the brand immediately associated with that world. And Intel, AMD and some others actually do have some good technology to compete.

Intel CEO Patrick Gelsinger is working to help the company gain a larger share of the AI chip market. And while, each of those companies will still need to get their hands on Nvidia chips for now, building their own hardware could cut into the graphics giant’s lead in the long run. “All of these cloud providers have come to the conclusion that the AI workload is going to be so pervasive in the ecosystems that a GPU only strategy might not be good enough, and you might need to have an AI ASIC strategy to deliver better cost value propositions to end users,” Dekate added.Nvidia is also keeping an eye on its traditional competitors: AMD and Intel.

In the Power On newsletter, Bloomberg's Mark Gurman says sources close to Apple told him a Mac launch will happen this month. Retail supplies suggest it may focus on the iMac and certain MacBook Pro models.Microsoft said it will spend A$5 billion expanding its artificial intelligence and cloud computing abilities in Australia over two years as part of a wide-ranging effort that includes skills training and cyber security. The U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

10-year yield drags on stocks, Chevron buys Hess in massive deal: Yahoo Finance LiveThe 10-year Treasury yield is dragging on stocks after climbing above 5% again. The move comes after recent comments from Fed Chair Powell and ahead of a...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Chevron buying Hess for $53B, UAW expands strike: Yahoo Finance LiveIn the second megadeal in the energy sector this month, Chevron (CVX) announced it’s buying Hess (HES) in an all-stock deal worth $53 billion. In the auto...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Why Nvidia's hold on the AI chip market may soon foldNvidia (NVDA) is dominating the AI chip market, but it may not hold onto that lead for long. Traditional semiconductor rivals like AMD (AMD) and Intel (INTC)...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »