The AI Chip Race

The strong demand of computing power for artificial intelligence (AI) and machine learning is accelerating the race to develop cheaper and faster AI chips. The AI chip market was valued $10.6 billion in 2021 and the total revenue is expected to reach $79.8 billion by 2027.aa.[Online]. Available: https://www.maximizemarketresearch.com/market-report/global-artificial-intelligence-chipset-market/66849/. To be part of the market, tech giants from different countries have been successively joining the race, while AI chip startups attracting billions of dollars are taking off like a rocket.