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Nvidia recently announced a significant increase in earnings due to the high demand for its AI chips, which power machine learning applications, teach and develop new artificial intelligence models, and guide edge-of-network functions. AI is transforming the business landscape, touching industries like manufacturing, automotive, insurance, medicine, hospitality and even fast food. Tesla pairs Nvidia chips with its proprietary Dojo chips to teach its cars to drive themselves, while the insurance industry is using AI to streamline payor distribution, underwriting and policy pricing. AI algorithms are also being used to create risk profiles based on individual behavior, leading to personalized insurance rates.