Nvidia joined the 3-trillion market valuation club in June earlier this year, outranking the likes of Apple and Microsoft. This astronomical growth has been possible due to its dominance in the GPU and AI hardware space. However, Nvidia is not the only company making chips for today’s growing AI workloads. Many companies, such as Intel, Google, Amazon, and others, are working on custom silicon for training and inferencing AI models. So, let’s look at promising Nvidia competitors in the AI hardware space.
When it comes to high-performing AI accelerators, AMD is up there competing against Nvidia, both in terms of training and inference. While analysts suggest that Nvidia has a market share of 70% to 90% in the AI hardware space, AMD has started putting its house in order.
AMD introduced its Instinct MI300X accelerator for AI workloads and HPC (High Performance Computing) in December 2023. AMD claims that its Instinct MI300X accelerator delivers 1.6x better …