Economy

Why do Nvidia's chips control the AI market?

.NOTHING ELSE organization has taken advantage of the boom in artificial intelligence (AI) as high as Nvidia. Considering that January 2023 the chipmaker's allotment price has actually risen by just about 450%. Along with the complete value of its allotments coming close to $2trn, Nvidia is actually now United States's third-most valuable organization, behind Microsoft and also Apple. Its profits for the very most current fourth were $22bn, up from $6bn in the exact same duration in 2015. The majority of professionals expect that Nvidia, which regulates more than 95% of the market for professional AI potato chips, are going to continue to develop at a blistering pace for the foreseeable future. What makes its own chips so special?