US tech giant Nvidia has said it will work with iPhone maker Foxconn to build “artificial intelligence factories” as the new technology continues to gain popularity.
Nvidia, whose value has more than tripled in a year to about £900bn, said it was the “beginning of a computing revolution”.
Co-founder and director Jensen Huang said his chip company would work with Foxconn to train autonomous vehicles, robotic platforms and large language models.
Technology leader: Nvidia, whose value has more than tripled in the last year to around £900 billion, has played a key role in the growing popularity of AI.
Nvidia’s success comes from computer gaming, with its powerful chips used to run games like Call Of Duty, but it has played a key role in the growing popularity of AI, providing chips to Microsoft.
And when OpenAI launched ChatGPT last year, it contained more than 20,000 graphics processors made by Nvidia.
Foxconn, best known for working with Apple to make iPhones in China, is on a mission to grow its business beyond electronics.
The planned alliance comes as the United States tightens restrictions on AI chip exports to China, to make it more difficult for Chinese companies to obtain cutting-edge technologies.
Citigroup analysts say the restrictions will make it harder for Nvidia to sell in China.
Nvidia has previously said that up to 25 percent of its data center chip revenue comes from China.