Nvidia dominates AI chip market, stock surge lifts tech sector

From Economic Times.: 2024-06-23 00:49:22

Nvidia dominates AI chip market as world’s biggest company. Stock surge has lifted entire tech sector. New entrants face challenges in AI innovation without clear direction. OpenAI, Google, and Anthropic lead in generative AI model making. Venture capitalists warn against competing head-on with established players like Microsoft-backed OpenAI. Specialized chip design, like Groq’s, offers opportunity in AI field. Profiting from highly specialized data, as seen in Cohere’s pitch, is another avenue for AI innovation.



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