The tech industry has had an insatiable appetite for Nvidiaβs chips over the last two years. But the feast may be over sooner than many had expected.
Stiffer competition for the tech giants at the forefront of the artificial intelligence boom prompted investors to reassess the companiesβ sky-high valuations.
The fast-growing popularity of the Chinese artificial intelligence software hit shares in tech giants like Nvidia, as Silicon Valley worried about what comes next.
New rules aim to keep advanced technology out of China and to ensure that cutting-edge artificial intelligence is developed by the United States and its allies.
The chief executive of Nvidia, Jensen Huang, has taken advantage of popular loopholes in the federal estate and gift taxes, which have quietly been eviscerated.
Amazon, Advanced Micro Devices and several start-ups are beginning to offer credible alternatives to Nvidiaβs chips, especially for a phase of A.I. development known as βinferencing.β
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