From Nasdaq: 2024-05-18 02:30:00

Nvidia dominates the AI chip market but other tech giants are stepping up their game. Arm Holdings, owned by Softbank, plans to introduce its own AI accelerators in 2025 despite being late to the game compared to competitors like Nvidia, AMD, and Intel. Google unveils new Trillium chips at its I/O developer conference, boasting 4.7 times performance increase and 67% energy efficiency.

Oracle lands a major deal with Elon Musk’s AI start-up xAI to rent servers for AI processing potentially worth $10 billion over several years. This could significantly boost Oracle’s cloud infrastructure revenue, positioning it as a strong alternative in the competitive cloud market. Musk’s xAI aims to rival existing AI models like Google’s Gemini and OpenAI’s ChatGPT.



Read more at Nasdaq: Huge Artificial Intelligence (AI) News for 3 Tech Companies This Week — None of Which Are Named Nvidia