AI chips are crucial for the performance of AI applications, whether they are on-device or in the cloud. Major tech companies like Nvidia, Intel, and Google are competing to develop the best AI chips, which are essential for the success of AI software and hardware products. These chips enable faster compute speeds and support more demanding workflows, making them a key component in the development of AI technology. The competition in AI chipmaking shows the financial incentive for this field, and it is expected to continue to grow in the coming years.
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