Just how rich are businesses getting in the AI gold rush?

, and repositories of them ; the cloud-computing platforms which host many of these models and some of the applications ; and the hardware, such as semiconductors , servers and networking gear , responsible for the clouds’ computing oomph .boom in the 1980s and 1990s propelled Microsoft, which made the Windows operating system, and Intel, which manufactured the chips needed to run it, to the top of the corporate pecking order.

So far the host of the San Jose gabfest is by far the biggest victor. Nvidia accounts for some 57% of the increase in the market capitalisation of our hardware firms. The company makes more than 80% of all, a research firm. It also enjoys a near-monopoly in the networking equipment used to yoke the chips together inside theservers in data centres. Revenues from Nvidia’s data-centre business more than tripled in the 12 months to the end of January, compared with the year before.

The abundance of models has also enabled the growth of the application layer. The value of the 19 publicly traded software companies in our application group has jumped by $1.1trn, or 35%, since October 2022. This includes big software providers that are adding generativeto their services. Zoom uses the technology to let users summarise video calls.

Source: Tech Daily Report (techdailyreport.net)

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