Artificial intelligence
from24/7 Wall St.
2 days agoAmazon Set to Waste $10 Billion on OpenAI
Amazon plans to invest $10 billion in OpenAI to secure chip business and broaden its AI presence despite Nvidia's dominant position.
Nvidia is virtually unbeatable as a supplier of AI chips. Its Graphical Processing Units (GPUs) are by far the most powerful, scalable, and easy to use, especially for training large language models. This has propelled Nvidia to a market value of over $4 trillion. Although AMD in particular touts a cheaper yet mostly similar equivalent, Nvidia's ecosystem of software layers and partners forms an impregnable fortress.