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In the ever-evolving world of artificial intelligence (AI), there's one company that stands apart from the rest, yet somehow remains relatively unnoticed in mainstream discussions. This article aims to shed light on the extraordinary contribution of NVIDIA, a company that has become an integral part of the AI ecosystem. As a business owner or decision-maker, it's crucial to comprehend the pivotal role played by NVIDIA and how embracing their technology can foster innovation and success in our rapidly advancing digital landscape.
The Power Behind the Innovations:
NVIDIA may not be a household name, but its impact cannot be understated. As the leading provider of graphics processing units (GPUs), this Silicon Valley-based technology giant supplies the underlying hardware that powers major tech companies like Microsoft, Google, and Apple. Whether it's developing cutting-edge self-driving cars, enabling breakthroughs in medical research, or facilitating photo-realistic graphics in gaming, NVIDIA's powerful GPUs are the driving force behind these advancements.
Market Dominance and Economic Significance:
With a market share of around 80% in the GPU space and a staggering market capitalization exceeding $1 trillion, NVIDIA has positioned itself as a heavyweight player in the AI revolution. This dominance is not accidental but a result of their unwavering commitment to research and development, innovation, and delivering top-notch products. NVIDIA's success serves as a testament to the transformative power of AI and its substantial impact on the US economy.
Generative AI - A Leap Forward:
One of the most significant advancements in AI technology and a game-changer for various industries is generative AI. By harnessing the power of generative AI models like NVIDIA's ChatGPT, businesses can unlock unprecedented innovation. Imagine the potential for personalized customer experiences, tailored marketing campaigns, and automated content creation that resonates with target audiences. These possibilities are within reach when we embrace and integrate generative AI into our products and services.
As we navigate the intricacies of the modern age, it's crucial that we stay informed and adaptive to the potential AI holds. Understanding the importance of companies like NVIDIA and their contributions to AI progress empowers us to make informed decisions that can drive growth and prosperity. To stay abreast of the latest AI developments and industry insights, be sure to subscribe to our podcast, leave a rating, and sign up for our daily newsletter at our website.
In conclusion, NVIDIA's pivotal role in AI technology cannot be overstated. As business owners and decision-makers, it is our responsibility to recognize and harness the power of AI to drive innovation, creativity, and success in our respective industries. Let's break barriers, embrace AI, and pave the way for a future where technology, human ingenuity, and growth converge seamlessly.
- Pentagon's investment in AI systems for surveillance with Silicon Valley's help
• Highlighting the partnership between the Pentagon and Silicon Valley
• Explanation of the Pentagon's aim to develop AI-driven surveillance systems
- Pew Research Center study on potential job displacement by AI
• Overview of the study's findings stating that 1 in 5 American workers may have their white-collar jobs replaced by AI
• Discussion on the implications and consequences of this potential job displacement
- Harvard student using ChatGPT to pass her classes
• Description of a Harvard student's use of ChatGPT to succeed in her studies
• Mention of the student's communication with her teachers regarding her AI usage
- NVIDIA's significance in AI and its role in the US economy
• Introduction to NVIDIA as the most important AI company for the US economy
• Explanation of NVIDIA's provision of chips (GPUs) to major tech companies
• Mention of NVIDIA's dominant market share in the GPU space and impressive market capitalization
- Integration of AI into products and the importance of generative AI
• Discussion on how companies are incorporating AI into their offerings
• Emphasis on generative AI's significance as a major tech advancement
• Example of ChatGPT as a powerful generative AI tool
Daily AI news
There's one company right now in the US that's probably more important than any other company and it's not who you're thinking about. Alright. So we're gonna have more on that today. But first, welcome. My name is Jordan Wilson. This is everyday AI. It's your daily, livestream podcast, and free daily newsletter helping everyday people keep up with AI and how we can actually all get ahead.
Alright. So before we talk about what is that one company? that's really helping the United States in general in the US stock market continue to surge ahead. Before we get to that, Let's talk about what's going on in the world of AI news. And as a reminder, if you're joining us live, Please leave us a comment. Let's have a conversation together. That's what this show is all about. Alright. So a couple big things to talk about in the world of AI news. First, the Pentagon is getting assistance from Silicon Valley on the battlefield. So a a new report looks at from the financial time. It it looks at how the US Department of Defense is investing in artificial intelligence systems to conduct surveillance everywhere and how Silicon Valley VCs are investing in defense and weapons tech start ups. So it's been a really big story over the last couple of months, how kind of just the US Department of of Defense and the US military is starting to use AI in all aspects of training on the battlefield. So it's something to keep an eye on.
Alright. A new study from the Pew Research Center is showing that AI is coming for white collar jobs. So you know, a lot of times we think that AIO, it might just replace low paying jobs. That's not the case at least to this new Pew Research Center study that shows about 1 in 5. American workers will have a job with high exposure to being replaced by artificial intelligence. And it also is showing that not just high earning white collar jobs that are at risk, but also specifically women's jobs may be most at risk. So More in the newsletter about that, so make sure you check it out.
Alright. And last but not least, ChatGPTreleasing Harvard classes? That's right. So a new story just came out today showing how 1 Harvard University student is passing her 1st year classes and actually told her teachers when she's submitting her work that most of it is being done with chattyBT. So make sure to check out more in the newsletter about that. But pretty interesting. You know, I think so many students are using it and not saying anything, but This Harvard student told her teachers when she's turning in her papers and so far getting almost all a's averaging about a 33.5. GPA.
So not bad, Chachi Patea, doing it, getting that that that Harvard degree. Alright. As a reminder, let's go ahead and talk about one thing before we jump into what we are talking about today, which is one company. But first, you have one day. You have one day left. Make sure to go to your everyday AI.com and sign up not just for our free newsletter, but We are giving away 6 months of chatgptplusand6privatelessons with our team. So maybe you already have the premium version of chatty PT plus, and you don't need it. But you need one on one lessons. Let me tell you that's it's something we've been doing now for months. I think we've helped hundreds of people learn how to better use chatgpt. So make sure you go to your everyday AI.com. Sign up for the giveaway. It ends today. Takes about 7 seconds. Alright. Now let's get back to what we started to talk about here. What is that one company? And right as I am about to get into this. I wanted to shout out to everyone that's already joining live. So if you're listening on the podcast, make sure to check the show notes So we're gonna have links for you to check out, but also a link for you to come join us live. You know? This whole podcast in livestream is about creating connection and helping people learn AI.
So we do it together. So couple of comments already. Jan joining us, saying good morning. Harvey joining us, Doctor Harvey Castro. Can you drop the link to Pew Research? Absolutely. It'll be in the newsletter. Cecilia, Good morning. Joining us. Alright. Let's talk about that one company. How is one company right now so important to the US economy. What is that company? What are they doing? And what does it mean? Doctor Harvey Castro in the comments already got it right. It's NVIDIA. Alright?
NVIDIA is the most important US company
One company. It's not Apple It's not Google. It's not Microsoft. It's not Tesla. It is NVIDIA. Right? I'm gonna come with some hot takes this morning. You know, normally normally, we keep it very news news based, and, you know, we're bringing on experts every day and asking for their opinion, I'm gonna give you guys some hot takes this morning to start to start our week off right. I think NVIDIA right now is the most important company for the United States And it may be one of the most important companies for our economy and our progress forward even as a society. Alright. So as I explain that hot take, let me first tell you why I feel that way. and even let's let's let's even rewind a little more. Let's talk about what NVIDIA is and what they do. So to keep it simple, you know, even before this big AI boom, AI was one of the or or or NVIDIA was still one of the largest companies. in the United States. But it's all about chips, so much talk has been around chips. So these chips that we often refer to when we're talking about Other companies needing them, you know, how they're driving, really, just production, and they can't even keep up with demand, not even close, but chips GPUs, run so many of these other companies. So graphics, processing, unit These are essentially chips that all companies need in order to run their AI systems. Right? So when we talk about some of the biggest companies in the world, Microsoft, Google, Apple, Meta. What do they all have in common? They use NVIDIA's chips. Right? And all of these companies have come out and said in the last couple of months that they're going to not just double down on AI, but triple down. You have large CEOs saying we are going to build AI into every single part of our platform into every single part of our company. To do that, all companies need NVIDIA Chips. And right now, NVIDIA has been the leader in this space for for a decade plus. Right? So when chat GPT as an example, right, we all we all know chat GPT. We've we've we've heard it, but guess what chatgpt needs to run their product? You know, guess what OpenAI needs? They need chips specifically from NVIDIA, and NVIDIA is the only one that has powerful enough GPUs, that these companies can rely on. Right? Let's take let's take a look at a couple numbers here. Alright. So right now, NVIDIA has about 80% market share in the GPU space, right? And Citibank says that it that's expected to actually grow to 90%. Alright? And right now, NVIDIA has a $1,100,000,000,000 market cap, so they are valued at more than a trillion dollars.
Why pay attention to NVIDIA?
So why do I think that this is important? And why do I think it's something that it's worth paying attention to? So we already talked about the future. Right? Companies have already said. The biggest companies have already said. They're gonna start to bake in bake AI into all of their products offerings and services. That's one aspect, but Let's now look at the economy. We mentioned some of these big names. Right? Also, let's look a little before this most recent AI boom, right? So I think generative AI has really been one of the leading news pieces has been one of the the most promising tech advancements in probably decades, if not even longer. So It probably all started with chatgpt in 2022. So so many of these, you know, generative AI platforms have been around before that. but it was really check GPT coming out in November 2022 that made the rest of the world and, you know, US Companies and investigators start to look at generativeaiseriously. How seriously? Well, if you take away some of the leading companies that we just talked about, you know, Nvidia and some of the other chip makers, you know, your big tech companies. It has been, and there's been plenty of stories that we share every single day in the newsletter about this. But AI related stocks are driving the US economy, and it is obviously NVIDIA that is the backbone of this growth. So if you rewind you know, 9 months, 12 months ago, at least here in the US. I know we have, you know, people watching and and listening from other parts of the country, but when you look at the economy, it drives so much of our day to day decision making, right, whether we're gonna buy a new car. whether we're going to get a new house. How much money we're gonna put in bank? Right? So much of it is driven by the economy here in the US. And 9 months ago, 12 months ago, the outlook wasn't good, you know, everything was recession. You know, we are headed toward a recession. And then what happened is over the last 6 months, most major indexes measuring the US economy, we've had about a 15 to 20% growth, you know, depending on on, you know, are you looking at the s and p or are you looking at the Nasdaq, at the dial. So in 6 months, we've had pretty solid growth 15 to 20%. Whereas before this generative AI craze, we were talking about is the US heading into a long term recession. Why do I bring that up? Well, so many even big companies that aren't that don't have a tie in to generative AI. They are still making big decisions, and they're economy or or or sorry, in their companies based on the economy. Alright? So that is why getting back to what I originally talked about That is why I think Nvidia is probably the single most important company right now in the US economy. as all of these AI companies and and companies related to AI. So, again, that's your Microsoft, your Google, your Apple, your Meta, your Tesla. These big companies that have been collectively driving AI growth. Right? We shared a story about 2 months ago that at the time, if you took away all tech stocks, specifically those tech stocks that had ties to AI, The overall I believe that that story was the s and p. At that at at that point, the s and p was up 20%. If you took away all those companies, it was even. Right? So if you take away all of these tech stock growth that that is fueling the economy, we are even. Right?
NVIDIA's AI chips
So that's the hot take for today. NVIDIA is probably right now, the most important company in the United States. Because guess what? As all of these other companies are saying to their shareholders, to the general public, you know, hey. We're coming out with this new technology where we're gonna start incorporating this into our phones. I mean, let's even talk about Apple. Hey, you know, Apple has started to develop some of their own chips. And you know that they have their m 1 chip, and they've stopped using Apple has stopped using NVIDIA Chips. But still, you know, when Apple talks about, hey, we're gonna bring Apple GPT, whatever it's called. Right? To bring that to a phone, you're gonna need chip production. You know, when all these other companies are announcing new hardware products even, Most of them are using NVIDIA Chips. Right? So as we look about the future of our growth in AI and technology, We can't forget about these GPU chips. Alright. So this is obviously a pretty technical talk today on everyday AI. But I think it's important. I think this is important for us to understand not just how this technology works. You know? Tesla. Hey. That's something even if you don't care much about chatgptorai, Tesla uses NVIDIA Chips. You know, probably your smartphone, your computer uses NVIDIA Chips if you're a gamer, It uses NVIDIA chips. And and we have all of these new advancements in technology bringing you you know, helping to bring new advancements, new capabilities to computers, to the workplace. You know, you have all these now big partnerships you know, your sales sales forces of the world, you know, starting to even bring generative AI to all of all of their clients. all driven by chips. Alright. Again, this was a technical one. And I wanted to thank you guys for allowing me to be a dork this morning. You know, every once in a while, You know, I I I have these hot takes that I wanna I wanna come in with and I wanna share them with you because I I I feel they're that important. But As a reminder, we're gonna have some less technical things this week. I'm gonna go normally, I don't plug other shows on the show, but Later this week, we're gonna be talking about chat GPT plugins. Alright? We've had a lot of people requesting this. So, actually, If you're excited about that or if you wanna hear us talk about something else on the show, go ahead and leave a comment right now if you're listening on the livestream or If you're listening in the podcast, click in the show notes, email us. Tell us what you wanna hear. Okay? But we had so many people asking, about chat GPT plugins. You know, we we've used 100 of them. There's more than 800 plugins available. later this week, we're gonna be talking about that. So I did wanna plug that. And as a reminder, please go to your everydayai.com and sign up for our free daily newsletter. Let me tell you what's in that newsletter. Just about everything that you need to keep up with what's going on in the world of AI. You know? Whether we realize it or not, kind of like how we maybe you didn't realize how important NVIDIA is, you know, to to the US economy or to our society as a whole. But everything that you would need to keep up with AI advancements, you know, new products, new services, new tools, and just what it means for your job and how we can all use and and leverage these things, that's what our newsletter is about every single day. So make sure you sign up for that newsletter. Also, make sure you go sign up for our chatgpt plus giveaway that ends today and Make sure you join us the rest of the week on your everyday AI. Thank you for joining us, and I hope to see you back tomorrow. and everyday on everyday AI. Thanks.