Chipmaker Nvidia posts record growth, showing AI boom continues

Nvidia invested years ago in software and computer chips focused on AI. When the current excitement around the technology took off in late 2022 after OpenAI's release of ChatGPT, the company was well-positioned to benefit. Its tech is best-suited to run the extremely large computations needed to train AI algorithms, and now Big Tech companies are spending billions to buy its chips to keep up in the AI arms race.