Part 2/12:
Ives explained that although Google is developing their Tensor Processing Units (TPUs) and AMD is making progress, Nvidia's chips are foundational to the AI boom. The industry appears to be built predominantly on Nvidia's technology, with other tech giants essentially paying rent for the AI revolution. The supply chain for Nvidia chips is nearly sold out through 2026, signaling their dominance and the critical nature of their hardware in AI development. Ives firmly states, “This is Nvidia’s world, and everyone else is just paying rent,” emphasizing Nvidia's leading position in the AI race.