The AI Arms Race Isn’t About Technology – It’s About Electricity ...Middle East

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The AI Arms Race Isn’t About Technology – It’s About Electricity
source : OILPRICE ( Middle East ) () 35
Two and a half years ago, NVIDIA was a $300 billion gaming chip company. Today it's the most valuable company in history at over $4 trillion. Investors who saw what was coming and got positioned early made generational money. A $10,000 stake in NVIDIA at the start of 2023 is worth more than $130,000 today. The trade looks obvious in hindsight, but very few investors caught it in real time. Demand for AI compute had exploded, the supply of high-end chips couldn't catch up, and NVIDIA happened to be the only company on earth capable of making what…

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