Nvidia, a US tech company specializing in computer chips, has predicted a surge in demand for its products to meet the needs of artificial intelligence (AI) products such as ChatGPT. The rise of Nvidia’s share price by 25% in early trading follows huge optimism over the rapid progress of generative AI products. These require massive data centres brimming with semiconductor chips to operate. Nonetheless, companies are racing to integrate AI into existing businesses, with some analysts warning that an AI tech bubble may be forming. Last October, the Biden administration cut China off from certain semiconductor chips made anywhere globally with US tools by introducing export controls.

Source: The Guardian May 25, 2023 20:20 UTC