Nvidia Corp (NASDAQ: NVDA) greatly benefited from the generative AI surge initiated by OpenAI's launch of ChatGPT in November 2022, a decision that became a milestone in artificial intelligence.
OpenAI's CEO Sam Altman was initially still determining whether to release ChatGPT to the public.
Still, its release marked a significant investment and product development influx in 2023 across various industries, including financial services and biomedical research, CNBC reports.
A July survey highlighted that 95% of utility and energy companies were considering generative AI technologies.
Nvidia, a key player in this advancement, saw a ...