The procurement of more chips from OpenAI signals that more sophisticated AI models, which go beyond powering the current version of chatbots, will be ready in the near future.
Generative AI systems are trained on vast amounts of data to generate complex responses to questions, and that requires a lot of computing power. Enter Nvidia's H100 chips, which are tailored for generative AI and run much faster than previous chip models.
Such intense demand for a specific chip from one company has created somewhat of a buying frenzy for Nvidia, and it's not just tech companies racing to snap up these hot chips-governments and venture capital firms are chomping at the bit too.
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