Tech Giants Race to Power AI Cloud Boom, But Face Risks
• Opportunity for companies to provide infrastructure to support complex AI systems and calculations, especially in North America • Alibaba positioned to benefit from AI applications in Chinese e-commerce, but facing broader economic issues in China • Alphabet still has potential in AI cloud but losing ground to Microsoft and facing other issues • Nvidia sells essential GPU chips to power AI cloud applications, expects massive sales growth • AMD emerging as alternative provider of AI chips, winning major customers like Microsoft and targeting China market