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

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 59%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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.

 

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:

 /  🏆 319. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines