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or Name
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IBM CDR (CAD Hedged)
Symbol IBM
Shares Issued 600,000
Close 2023-08-21 C$ 22.23
Market Cap C$ 13,338,000
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Globe/NYT say Nvidia is a global leader of AI chips

2023-08-22 07:27 ET - In the News

See In the News (C-NVDA) Nvidia CDR (CAD Hedged)

The Globe and Mail reports in its Tuesday, Aug. 22, edition that over more than 10 years, Nvidia has built a nearly impregnable lead in producing chips that can perform complex AI tasks such as image, facial and speech recognition, as well as generating text for chatbots like ChatGPT. A New York Times dispatch to The Globe reports that Nvidia achieved that dominance by recognizing the AI trend early, tailoring its chips to those tasks and then developing key pieces of software that aid in AI development. Nvidia chief executive officer Jensen Huang has since kept raising the bar. To maintain its leading position, his company has also offered customers access to specialized computers, computing services and other tools of their emerging trade. That has turned Nvidia, for all intents and purposes, into a one-stop shop for AI development. While Alphabet's Google, Amazon, Meta, IBM and others have also produced AI chips, Nvidia today accounts for more than 70 per cent of AI chip sales and holds an even bigger position in training generative AI models, according to the research firm Omdia. Mr. Huang said his chips' greater performance saved customers money. "We are the lowest-cost solution in the world."

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