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Nvidia's customers, which include ChatGPT creator OpenAI, Microsoft, Alphabet and Meta Platforms , have raced to snap up the dwindling supply of its chips to compete in the fast-emerging generative AI sector.
Nvidia controls about 80% of high-end AI chip market, a position that has sent its stock market value up 40% so far this year to $1.73 trillion
The dominant global designer and supplier of AI chips aims to capture a portion of an exploding market for custom AI chips and to protect itself from the growing number of companies interested in finding alternatives to its products.
Nvidia is in talks with telecom infrastructure builder Ericsson for a wireless chip that includes the chip designer's graphics processing unit (GPU) technology, according to two sources familiar with the talks.
Nvidia is building a new business unit focused on designing bespoke chips for cloud computing firms and others, including advanced artificial intelligence processors, according to nine sources familiar with the company's plans.