What the Booming AI Industry Could Mean for the Bay Area
For most of its history, Santa Clara based company Nvidia has been known primarily as a designer of computer parts meant for video games. But in recent years, those parts have become a crucial part of artificial intelligence programs. Now, Nvidia dominates the market of graphics processing units, or GPUs, meant for AI at a time when interest in AI is exploding. Skyrocketing demand for these GPUs have raised stock prices for Nvidia, giving the company a rare market valuation of more than$1 trillion, a distinction shared by only four other U.S. companies: Apple, Amazon, Microsoft and Alphabet…
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