Chip race: Microsoft, Meta, Google, and Nvidia battle it out for AI chip supremacy
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“Generative AI has hit the tipping point.”
As Nvidia reports its Q4 2023 earnings, CEO Jensen Huang says:
Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations
That demand, and Nvidia’s dominance in AI chips, powered the company’s record earnings of $60.9 billion for the full year 2023 — a 126 percent increase from last year. Its Q4 revenue of $22.1 billion is an increase of an astounding 265 percent over the same period last year.
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