Summary
Nvidia has addressed concerns about a potential threat from Google's AI chips, stating that it remains ahead in the AI industry. The news of Google possibly selling its AI chips influenced Nvidia's stock price, which fell, while Google's parent company Alphabet saw an increase. Nvidia maintains its leadership in AI technology with plans to expand further.
Key Facts
- Nvidia claims it is "a generation ahead" in the AI industry.
- Shares of Nvidia fell around 6% after a report about Meta planning to buy AI chips from Google.
- Nvidia is the world's most valuable company, with a valuation of $5 trillion as of October.
- Nvidia announced deals to supply AI chips to South Korea, Samsung, LG, and Hyundai.
- Google currently rents its AI chips, called tensor processing units (TPUs), through Google Cloud.
- There is speculation that Google may begin selling its AI chips to other data centers.
- Nvidia and Google's competition in the AI chip market is seen as beneficial and healthy by some experts.
