Silicon Valley has had one too many episodes of companies transforming from rags to riches. Today, we see giants like Nvidia and OpenAI at the frontiers of Artificial Intelligence—with every single company now in full throttle to get their hands on a piece of the pie. Interestingly, Baidu CEO Robin Li, speaking at the Harvard Business Review's Future of Business conference, predicts that AI is just another bubble, like the dot-com bubble. Ultimately, only 1% of companies will remain afloat in this cutthroat industry.
For reference, Nvidia's market cap rose tenfold over just two years, going from a modest $300 Billion to an eyewatering $3.4 Trillion. Tech giants such as Google, Microsoft, and Apple are pouring billions upon billions of dollars into AI - even chipmakers such as AMD and Intel have dissected their server-grade offerings into chips reserved for low-precision computing like FP8, FP6, and FP4; the very resource that AI relies on. It is clear that AI is all the hype these days, and you don't need us to tell you that.
