AI is the coolest present that just keeps on giving! And hey, if you're having a hard time wrapping your head around it, let me tell you about Nvidia – they totally get it too!
In the dawn of the new generative AI era, Nvidia has taken centre stage, with its market value skyrocketing to a mind-blowing $1 trillion, causing seismic waves throughout the tech industry. Talk about a shake-up!
Nvidia's secret sauce: its cutting-edge graphics processing units (GPUs) which have become the beating heart of AI functionality. These powerful GPUs drive several software including the incredible generative AI platforms we love, such as OpenAI's ChatGPT and Google's Bard. And here's an amazing fact, Nvidia manufactures around 80% of these GPUs.
Little surprise that the chip manufacturer’s valuation jumped up an astonishing $500 billion, reaching that remarkable $1 trillion milestone in just 5 months. Like a force of nature, Nvidia has become a stronghold in the tech world, outshining renowned tech giants like Meta, Tesla, and Samsung to reach the top six most valuable companies in the world.
Will this meteoric rise be short-lived, or will it go on to topple other tech behemoths like Amazon and Alphabet?