Meta and Google announce new in-house AI chips, creating a “trillion-dollar question” for Nvidia

Meta just announced it’s pushing further into the AI chip race, coming right on the heels of Google’s own announcement of its Axion AI chip. Both companies are touting their new semiconductor models as key for the development of their AI platforms, and as alternatives to the Nvidia chips they—and the rest of the tech industry—have been relying on to power AI data centers. Hardware is emerging as a key AI growth area. For big tech companies with the money and talent to do so, developing in-house chips helps reduce...