San Francisco | Nvidia’s rivals are mobilising in an effort to break the company’s stranglehold on the artificial intelligence chip market, raising hundreds of millions of dollars and rolling out new products as they look to share the spoils of a boom in the technology.

Cerebras, d-Matrix and Groq are among a group of smaller companies aiming to take a slice of the multibillion-dollar AI chip market from Nvidia, which has so far dominated the first wave of investment with its graphics processing units, or GPUs.

Financial Times