TECH - Is Nvidia's AI Dominance Slipping? Inside the Billion-Dollar Battle for AI Chip Market | Benzinga
Nvidia Corp (NASDAQ:NVDA), a key player and market leader in the AI chip industry, faces growing competition as major tech companies like Amazon.Com Inc (NASDAQ:AMZN), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, Meta Platforms Inc (NASDAQ:META), and Microsoft Corp (NASDAQ:MSFT) develop their own AI chips.
These companies, relying heavily on Nvidia’s specialized graphics processing units (GPUs) for AI development, are now investing in their technologies to reduce dependency and control costs.
Analysts claimed a $1 trillion opportunity in AI for Nvidia as Big Tech companies keep splurging to boost their position.
Nvidia’s GPUs are central to building AI systems, including popular chatbots, and the company has not always been able to keep up with the high demand, the ...