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How chipmaker Nvidia struck AI gold

How chipmaker Nvidia struck AI gold

Huge demand for the US company’s H100 processors helped send its market value rocketing towards $US1 trillion.

Tim Bradshaw and Richard Waters

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London | San Francisco | Last year, US chipmaker Nvidia released the H100, one of the most powerful processors it had built – and one of its most expensive, costing about $US40,000 ($61,000) each. The launch seemed badly timed, just as businesses sought to cut spending amid rampant inflation.

Then in November, ChatGPT was launched.

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Original URL: https://www.afr.com/technology/how-chipmaker-nvidia-struck-ai-gold-20230528-p5dbtt