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

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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.

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