When investors and business leaders talk about the artificial intelligence boom, one company tends to dominate the conversation: NVIDIA . That attention is understandable. NVIDIA has become a critical supplier of the accelerated computing infrastructure used to train and run many of today's most demanding AI systems. Its GPUs, networking technologies, software ecosystem, and increasingly complete data-center platforms have placed the company at the center of the AI infrastructure buildout. But focusing on NVIDIA alone can obscure a much larger story. Artificial intelligence is not a single product or industry. It is an expanding technology stack that stretches from semiconductor manufacturing and data-center equipment to cloud computing, networking, electricity, software, cybersecurity, enterprise applications, and AI-powered services. That means the economic impact of AI extends far beyond the company designing some of the most important processors. The Bank for Internationa...
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