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Saturday, April 20, 2024

Nvidia is now value greater than Amazon and Alphabet

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Nvidia surpassed Alphabet in market capitalization on Wednesday, solely a day after it overtook Amazon. Bloomberg is reporting that the chip maker’s inventory is now worth $1.83 trillion, beating the Google proprietor’s $1.82 market cap by a hair. This makes Nvidia the world’s fourth most precious firm within the wake of the AI increase, after Microsoft ($3.04T), Apple ($2.84T) and Saudi Aramco. The corporate is at the moment making the H100 chip, which powers nearly all of LLMs in use right this moment, together with OpenAI’s ChatGPT and nearly all of AI initiatives from Microsoft, Meta, and Amazon.

The world’s largest tech corporations are concerned in an AI chip arms race, with every of them hoping to create their very own GPU chip to topple Nvidia’s digital monopoly. Paradoxically, as Bloomberg notes, Nvidia’s high gross sales of AI chips come from those self same corporations. The Santa Clara-based agency is near releasing a superior AI chip, the H200, which has extra reminiscence capability and bandwidth than its predecessor. Earlier this month, Reuters reported that Nvidia has invested $30 billion right into a unit dedicated to serving to different corporations make their own custom AI chips. That means, even when corporations choose to construct their very own AI chips, Nvidia may get a chunk of the motion.

In the meantime, direct opponents like Intel and AMD are engaged on their very own powerful chips that would rival the H200.

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