Maybe you’ve heard of something called Nvidia. It sounds like a prescription drug, or maybe an African country, but it’s actually a company based in California that is now worth as much as China’s stock market. It’s the size of Canada’s entire economy.
In a different era, obtaining this kind of growth meant making a massively popular and instantly recognizable consumer-facing product, like Windows 95 or Amazon.com or the iPhone. But Nvidia’s growth didn’t come from making a computer or a popular website or anything like that. Instead, Nvidia’s growth came from making artificial intelligence chips that power the brains of computers and many popular websites. That’s why Nvidia had a very good day on Wall Street on Wednesday. Their business — artificial intelligence — is one of the fastest-growing industries in the history of humanity. Every major corporation is rushing to implement AI in all of their products.
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