What’s behind the rise of AI powerhouse Nvidia?
==========
Nvidia, a chipset manufacturer, has seen a significant rise in valuation, reaching $3.3 trillion in June 2024. The company has positioned itself as a leading supplier of consumer graphics processing units (GPUs) and has benefited from financial bubbles around emergent technologies like cryptocurrencies and artificial intelligence (AI) applications. Nvidia's GPUs have a staggering 88% market share for discrete GPUs. The company expanded into GPUs purpose-built for large-scale AI data centers, with major customers including OpenAI, Meta, Microsoft, Tesla, and Amazon. The AI industry has become a key battleground in the US-China Cold War, and maintaining monopoly power and diversifying production sites of high-end microchips is seen as a national security issue. Nvidia's future is influenced by the realities of the global economic system, and the deployment of technology under capitalism is shaped by capital's interests rather than improving living conditions for the majority of humanity.
#Nvidia #Ai #ChipsetManufacturer #Gpu #Valuation #EmergentTechnologies #Cryptocurrencies #ArtificialIntelligence #DataCenters #Openai #Meta #Microsoft #Tesla #Amazon #UschinaColdWar #MonopolyPower #HighendMicrochips #Capitalism
https://mronline.org/2024/07/17/whats-behind-the-rise-of-ai-powerhouse-nvidia/
MR Online /
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2024-07-17 11:27:31
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2024-07-17 11:27:31Event JSON
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"content": "What’s behind the rise of AI powerhouse Nvidia?\n==========\n\nNvidia, a chipset manufacturer, has seen a significant rise in valuation, reaching $3.3 trillion in June 2024. The company has positioned itself as a leading supplier of consumer graphics processing units (GPUs) and has benefited from financial bubbles around emergent technologies like cryptocurrencies and artificial intelligence (AI) applications. Nvidia's GPUs have a staggering 88% market share for discrete GPUs. The company expanded into GPUs purpose-built for large-scale AI data centers, with major customers including OpenAI, Meta, Microsoft, Tesla, and Amazon. The AI industry has become a key battleground in the US-China Cold War, and maintaining monopoly power and diversifying production sites of high-end microchips is seen as a national security issue. Nvidia's future is influenced by the realities of the global economic system, and the deployment of technology under capitalism is shaped by capital's interests rather than improving living conditions for the majority of humanity.\n\n#Nvidia #Ai #ChipsetManufacturer #Gpu #Valuation #EmergentTechnologies #Cryptocurrencies #ArtificialIntelligence #DataCenters #Openai #Meta #Microsoft #Tesla #Amazon #UschinaColdWar #MonopolyPower #HighendMicrochips #Capitalism\n\nhttps://mronline.org/2024/07/17/whats-behind-the-rise-of-ai-powerhouse-nvidia/",
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