Meanwhile, a report by PYMNTS Intelligence found that while AI has become integral across many businesses and industries, many consumers are unclear about its role in their lives and jobs. Only 37% of consumers are interested in AI impacting their jobs, although some workers believe AI can improve efficiency and accuracy at work. Generation Z workers are most likely to acknowledge AI can replace some skills and show interest in AI-augmented work.
Key takeaways:
- Nvidia has become the leading company for computer chips used in AI processes, causing a significant decrease in funding for potential competitors.
- The company's dominance in the market has led to a decrease in investment in other chip startups, with deals in the U.S. dropping 80% since last year.
- Nvidia's market value hit the trillion-dollar mark earlier this year due to high demand for its chips, which are used to train generative AI models.
- While AI has become integral across many businesses and industries, many consumers are unclear about the role AI plays in their lives and jobs, with only 37% expressing interest in AI impacting their jobs.