Nvidia dominates the AI chip market, but there's more competition than ever

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Companies are fighting for a piece of the AI chip market, which could reach $400 billion in annual revenue within five years.

Nvidia's AI accelerators have between 70% and 95% of the market share for artificial intelligence chips.

In addition to D-Matrix, companies ranging from multinational corporations to nascent startups are fighting for a slice of the AI chip market that could reach $400 billion in annual sales in the next five years, according to market analysts and AMD. Nvidia has generated about $80 billion in revenue over the past four quarters, and Bank of America estimates the company sold $34.5 billion in AI chips last year.

"The key is that there are a lot of options there," Su told reporters in December, when her company launched its most recent AI chip."I think we're going to see a situation where there's not only one solution, there will be multiple solutions."Lisa Su displays an AMD Instinct MI300 chip as she delivers a keynote address at CES 2023 in Las Vegas, Nevada, on Jan. 4, 2023.

Bank of America analysts estimated recently that Intel will have less than 1% of the AI chip market this year. Intel says it has a $2 billion order of backlogs for the chip. Cerebras' WSE-3 chip is one example of new silicon from upstarts designed to run and train artificial intelligence. The Cerebras chip, WSE-2, puts GPU capabilities as well as central processing and additional memory into a single device, which is better for training large models, said CEO Andrew Feldman.

 

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