Major technology firms are forming strategic alliances to strengthen their positions in the booming artificial intelligence (AI) sector. Companies focused on AI hardware, cloud infrastructure, and application development are engaging in multi-billion dollar collaborations to create advanced computational resources. Nvidia dominates the AI chip market, controlling over 80% with its specialized graphics processing units (GPUs), essential for training complex AI models.
In cloud infrastructure, Amazon Web Services (AWS) leads with a 29% market share, enhancing its synergy with Nvidia’s hardware through a significant $38 billion agreement with OpenAI. This seven-year deal aims to utilize AWS’s cloud platform and Nvidia’s chips to broaden access to advanced AI tools.
Investments and market consolidation are accelerating, with OpenAI collaborating with AMD for computing infrastructure and Nvidia for AI data centers. Additionally, Microsoft is intensifying its AI push with a $9.7 billion deal with IREN and acquiring a 27% stake in OpenAI, reflecting fierce competition in the AI value chain.
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