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NVIDIA is planning a new business unit for tailor-made AI chips: Financial experts see enormous market opportunities
According to a report from www.finanzen.net, the chip company NVIDIA plans to set up a new business unit to develop tailor-made chips. These chips are intended primarily for cloud computing companies as well as other areas such as advanced processors for artificial intelligence (AI). NVIDIA wants to secure part of the exploding market for customized AI chips and arm itself against alternative products. NVIDIA currently controls about 80 percent of the high-end AI chip market and has seen a 40 percent increase in market value this year. Customers include well-known companies such as OpenAI, Microsoft, Alphabet and Meta, which use NVIDIA chips for their AI applications. The introduction of tailor-made AI chips could...
NVIDIA is planning a new business unit for tailor-made AI chips: Financial experts see enormous market opportunities
According to a report by www.finanzen.net, the chip company NVIDIA plans to set up a new business unit to develop customized chips. These chips are intended primarily for cloud computing companies as well as other areas such as advanced processors for artificial intelligence (AI). NVIDIA wants to secure part of the exploding market for customized AI chips and arm itself against alternative products.
NVIDIA currently controls about 80 percent of the high-end AI chip market and has seen a 40 percent increase in market value this year. Customers include well-known companies such as OpenAI, Microsoft, Alphabet and Meta, which use NVIDIA chips for their AI applications.
The introduction of customized AI chips could have a positive impact on the data center custom chips market. According to 650 Group estimates, this market will grow to up to $10 billion this year and double by 2025. The launch of NVIDIA's new business reflects the continued growth trend in artificial intelligence and cloud computing. This could result in NVIDIA further strengthening its position as a leader in this space.
NVIDIA shares ended NASDAQ trading temporarily 3.58 percent higher at $721.33, which may reflect investor interest in the company's future growth opportunities. NVIDIA's move to increase its focus on custom AI chips could lead to a long-term strengthening of the company's competitive position in the artificial intelligence market.
Read the source article at www.finanzen.net