- AI has created a craze among investors and they are trying to find profitable AI stocks
- From Tech Giants to Chipmakers to Cloud titans, all are battling to gain dominance in the AI world
There is no doubt that the powerful AI technology has gained the interest of mainstream people. People are crazy about the various AI tools currently on the market. From ChatGPT to Adobe Firefly, every AI tool has gained the attention of mainstream people and has become a significant name in the digital world.
Now, these tools or companies are gaining the attention of investors. Investors have come to know the true potential of these technologies and are ready to invest for future profitability, They believe that investment in AI stocks will give them a long term benefit and make their portfolio stronger.
At the same time, companies are also battling to gain dominance in the digital world of AI. From Chipmaking companies like Nvidia to Tech Giants like Apple, everyone is competing in the world of AI. As a result of this, some poor companies also suddenly started building AI related roadmaps or strategies.
That’s why it’s important to know everything happening in this digital world, or specifically in the world of AI, before investing. Here, we have taken into consideration recent happenings by various big tech giants and chipmakers to know exactly what’s new in the world of AI.
Chipmakers in the World of AI
As we all know, chips are needed to run smartphones, robots, drones, self-driving cars, and other devices. Do you know that a chip is also needed for running AI algorithms? They are used for storing lots of algorithms and are needed for computing power. In this segment, there are mainly three players. These are – Nvidia, Advanced Micro Devices (AMD) and Micron Technology (MU). Nvidia, the leading maker of AI chips, has shown a significant growth in its shares as its chip demands has increased. AMD has also maken a significant move and has said that it will launch new Insitinct MI300 series chips.
This chip will speed up the process of generative AI. However, Micron has not yet gained the true potential but, in near future it will achieve the attention of mainstream people.
Tech Giants in the World of AI
Tech giants like Apple and Facebook haven’t made any significant moves in the world of AI. Despite huge investments, they are not considered the big players in the AI world. However, Microsoft is ahead in the game of AI by leveraging funds for Open AI, a startup that developed ChatGPT.
It has future plans, and it is clear that it is on the way to gaining dominance in the digital world of AI. The tech player is also looking to form close ties with the leading chipmaker, Nvidia.
In the same way, Amazon is also on its way to gaining AI dominance. It is implementing chatbots so as to make its services efficient and effective. Various software developers like Adobe, Atlassian are also making moves towards this growing industry. Even Adobe has launched it AI based software called Adobe Firefly.
Conclusion
In a nutshell, with the emergence of AI technology, everyone is making their move towards this industry as everyone has realized the true potential that it will portray in the near future. Well, it’s interesting to know who will lead this industry in the future.
