Economy

Why carry out Nvidia's chips control the AI market?

.NOTHING ELSE organization has actually benefited from the boom in artificial intelligence (AI) as long as Nvidia. Because January 2023 the chipmaker's share rate has actually risen through practically 450%. With the total worth of its own allotments approaching $2trn, Nvidia is now United States's third-most valuable company, behind Microsoft as well as Apple. Its own revenues for the most current quarter were $22bn, up coming from $6bn in the exact same time period in 2013. The majority of professionals expect that Nvidia, which manages more than 95% of the market for professional AI chips, are going to remain to develop at a scorching pace for the near future. What makes its chips therefore special?