Nvidia's powerful GPUs, especially the H100, have been essential to the rapid progress of generative AI. However, this success has led to sky-high demand and prices, pushing Nvidia's value over a trillion dollars. To avoid relying on a single supplier, tech giants like Microsoft, Meta, Google, and even Nvidia's customers like OpenAI and Amazon are investing in developing their own AI chips. This fierce competition is driving an industry-wide "arms race" among chip manufacturers like Nvidia, AMD, and Intel, all striving to create faster, more powerful, and efficient AI chips. The battle for AI dominance is now shifting to the crucial battleground of chip development.