The emergence of ChatGPT brought the largest IT companies a capitalization of 8 trillion dollars

During this time, ChatGPT has become one of the fastest growing services in history (about 200 million people use it daily) and has set a new vector for the development of the information technology industry, says the agency.

According to him, since November 2022, the world’s six largest IT companies (Nvidia, Amazon, Apple, Google, Microsoft and Meta) have collectively added more than 8 trillion dollars in capitalization, and the highest growth (around 2 billion dollars) has been registered by Nvidia, which previously focused on a limited video card market.

According to Statista, in 2019, Nvidia generated more than 90% of its revenue through the sale of GPUs. By the end of 2024, the company’s revenue will be about $60.9 billion (up from $11.7 billion in 2019), of which $47 billion will come from the Computing and Networking segment, which serves data centers. and generative AI.

According to Statista, as of March 2024, there are more than 5.3 thousand data centers in the United States, most of which are powered by Nvidia chips. In early November, Nvidia became the first company in history whose market capitalization exceeded $3.6 trillion. That’s more than Netflix, Walmart, JPMorgan, Visa, Eli Lilly and UnitedHealth Group combined.

Statista analysts expect the generative AI market to reach $356 billion by 2030, which is almost 10 times more than its current volume of $36.06 billion. Among the reasons are active investments in the industry by governments and the growing popularity of AI products among consumers. companies and consumers.