SAN FRANCISCO, Nov 6 — Whether they sell smartphones, ads or computer chips, the heavyweights of Silicon Valley have everything to prove to investors looking to see who is best placed in the race to dominate the generative artificial intelligence market.
Over the past two weeks, tech’s top companies released their corporate earnings reports for the July-September quarter.Most of them beat analyst expectations, but on Wall Street, all eyes were on plans for generative AI, popularised by the ChatGPT chatbot, OpenAI’s interface that was launched a year ago and dazzled the world.
Generative AI, considered by many observers to be a seismic change similar to the advent of the internet age, is based on AI systems called large language models.Microsoft — a major investor in OpenAI — along with Google and Meta have trained their own models. US chip giant Intel has been working to catch up with its rivals, especially Nvidia, when it comes to powerful chips needed to handle AI’s processing demands.
“It’s still complicated to actually figure out which models you want to use ... and trying to make sure you have the right results” while keeping costs in check, said Amazon CEO Andy Jassy.
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