Economy

Why do Nvidia's chips control the AI market?

.NO OTHER company has actually gained from the boom in artificial intelligence (AI) as long as Nvidia. Given that January 2023 the chipmaker's reveal price has actually surged by nearly 450%. Along with the overall market value of its reveals approaching $2trn, Nvidia is now The United States's third-most beneficial company, responsible for Microsoft and Apple. Its own profits for the most recent quarter were actually $22bn, up coming from $6bn in the exact same duration in 2013. Many professionals anticipate that Nvidia, which regulates much more than 95% of the market for expert AI potato chips, are going to remain to grow at a blistering pace for the direct future. What makes its own potato chips thus special?