While Apple has recently launched its own small model generative AI offering, Nvidia continues to be a key component in the world's top large language models. However, OpenAI, the maker of ChatGPT, has been reported to be working with Broadcom on its own proprietary systems, potentially challenging Nvidia's dominance in the future.
Key takeaways:
- Nvidia has surpassed Apple's market capitalization to become the world's largest company, largely due to a global AI push.
- The chipmaker has seen an 850% growth since the end of 2022, with a valuation of $3.43 trillion at market close.
- This is not the first time Nvidia and Apple have swapped places in market capitalization rankings, with Nvidia briefly surpassing Apple in June.
- While Apple has recently launched its own small model generative AI, Nvidia remains a key component of the world's top large language models.