Waves of inventions often create new businesses. In the third industrial revolution (Internet), Microsoft launched the programs that allowed laptop computers to function. Apple did something similar with the introduction of advanced mobile phones. In Spain, Inditex reinvented the textile industry based on a new form of global distribution and logistics. He expanded his business with online sales and disrupted his competitors. On March 15 it had a capitalized value of 140,000 million euros.
There are numerous indications that artificial intelligence (AI) is going to change the way knowledge is taught in universities and the way new industrial products and services are created. AI needs advanced processors and only Nvidia made them. In the last year, Nvidia’s market value has gained 250%. With the introduction of ChatGPT in 2022, its sales reached unthinkable volumes. All AI teams need specialized programs. Nvidia made them for networking. Those advantages have attracted cloud giants such as Amazon, Alphabet and Microsoft. Data centers are also needed. In 2021 Blackstone paid $10 billion to get the largest data center. Since ChatGPT was launched on the market, Nvidia shares have multiplied several times. But in the stock market it is important to always keep in mind that the past does not tend to repeat profits in the future. In the United States, new fourth-generation companies are already competing with Nvidia and others are creating networks and data centers.
Generative AI has a high potential to destroy jobs or spread dubious information. With very good judgment, the European Commission proposes a series of restrictions.
