The Chip Powering the A.I. Revolution
The Chip Powering the A.I. Revolution
Sam Altman-Backed Chip Startup Inked $51 Million Deal With OpenAI
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The Chip Powering the A.I. Revolution
Sam Altman-Backed Chip Startup Inked $51 Million Deal With OpenAI
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The Chip Powering the A.I. Revolution
Nvidia’s C.E.O. bet it all on a new kind of chip. Now that the company is one of the biggest companies in the world, what will he do next?
The revelation that ChatGPT, the astonishing artificial-intelligence chatbot, had been trained on an Nvidia supercomputer spurred one of the largest single-day gains in stock-market history. When the Nasdaq opened on May 25, 2023, Nvidia’s value increased by about two hundred billion dollars. A few months earlier, Jensen Huang, Nvidia’s C.E.O., had informed investors that Nvidia had sold similar supercomputers to fifty of America’s hundred largest companies. By the close of trading, Nvidia was the sixth most valuable corporation on earth, worth more than Walmart and ExxonMobil combined…. “There’s a war going on out there in A.I., and Nvidia is the only arms dealer,” one Wall Street analyst said.
Huang is a patient monopolist. He drafted the paperwork for Nvidia with two other people at a Denny’s restaurant in San Jose, California, in 1993, and has run it ever since…. Nvidia’s main product is its graphics-processing unit, a circuit board with a powerful microchip at its core. In the beginning, Nvidia sold these G.P.U.s to video gamers, but in 2006 Huang began marketing them to the supercomputing community as well. Then, in 2013, on the basis of promising research from the academic computer-science community, Huang bet Nvidia’s future on artificial intelligence. A.I. had disappointed investors for decades…. In September, I met Huang for breakfast at the Denny’s where Nvidia was started. (The C.E.O. of Denny’s was giving him a plaque, and a TV crew was in attendance.) Huang keeps up a semi-comic deadpan patter at all times….
By Stephen Witt of The New Yorker
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Sam Altman-Backed Chip Startup Inked $51 Million Deal With OpenAI
OpenAI in 2019 signed a nonbinding letter of intent with chip developer Rain AI to spend $51 million on the startup’s chips when they became available, according to a person familiar with the situation. The deal shows how OpenAI business was sometimes entwined with its co-founder and CEO Sam Altman’s personal investments. Rain raised its 2018 seed round from Altman.
Rain AI chips, known as “neuromorphic processing units,” are inspired by the structure of the human brain….
By Stephanie Palazzolo of The Information
SBalley Team, Enjoy!