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Early Advantages Don't Equal Lasting Control
NVIDIA, often labeled a monopoly, operates in an early stage of technology where its advantage stems from being first to market. This situation differs significantly from traditional monopolies characterized by anti-competitive practices. Despite substantial investment into NVIDIA's chips by the industry, generating around $50 billion for training large language models but only yielding $3 billion in revenue so far, the sustainability of this model remains uncertain. This raises questions about the viability of NVIDIA's position and the potential for competition as other large tech companies seek to enter the field.