Intel's CEO Pat Gelsinger announced the Gaudi-3 processor, touting 40% better power efficiency than Nvidia's H100 GPU.

Nvidia released the B200 GPU and GB200 AI chips, promising substantial performance boosts in AI processing power and inference tasks.

Google's development of in-house AI chips, named Axion, threatens Nvidia's market share, contributing to a 3.20% drop in Nvidia's stock price.

Axion chips are expected to surpass the performance of current fastest general-purpose Arm-based cloud chips by 30%, positioning Google strongly in the AI cloud market.

Google's new TPU v5p AI accelerator doubles the performance of its predecessor, aiming to enhance Google Cloud's AI and machine learning capabilities.