"Shares in the chip giant fell on Tuesday, following a report Meta planned to spend billions on AI chips developed by Google to power its data centres. In a statement on X, Nvidia, the world's most valuable company, said it was the only platform which "runs every AI model and does it everywhere computing is done". In response, Google said it was committed to "supporting both" its own and Nvidia's chips."
"In October it became the first company ever to be valued at $5tn (3.8tn). The American firm has been looking to expand its reach further in recent months, announcing an agreement in October to supply some of its most advanced artificial intelligence (AI) chips to South Korea's government, as well as Samsung, LG, and Hyundai. Google rents access to its chips, called tensor processing units (TPUs), through Google Cloud to AI developers."
Nvidia asserts a decisive lead in AI chips, claiming its platform runs every AI model and works wherever computing occurs. Shares fell after reports that Meta may spend billions on Google-developed AI chips to power data centres. Google said it would support both its own chips and Nvidia's. Nvidia reiterated that it offers greater performance and versatility than Google's chips. Nvidia chips power many popular AI tools and the firm reached a $5tn valuation. Nvidia has expanded supply agreements in South Korea, while Google currently rents TPUs through Google Cloud and may consider broader sales. Amazon and Microsoft are also developing AI chips.
Read at www.bbc.com
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