Next tech boom is here

AI EXPLOSION: TRILLIONS OF DOLLARS IN INVESTMENT POURING IN

- Ciaran Ryan

The chart below shows Nvidia quarterly revenues exploding to around $25 billion (about R467 billion), a more than five-fold increase since the start of 2025.

Other tech companies like Google and Microsoft are eyeing these numbers with mouths agape. Analysts who think Nvidia may have peaked might want to rethink their forecasts.

"Mainstream pundits are stuck on the wilful blindness of 'it's just predicting the next word'. They see only hype and business-as-usual; at most they entertain another internet-scale technological change," writes Leopold Aschenbrenner in a series of essays entitled The Decade Ahead.

Before long they will wake up. What is about to be unleashed upon the world is both exhilarating and potentially terrifying.

AI is moving to AGI (artificial general intelligence) much faster than was originally envisaged, allowing machines to surpass human cognitive intelligence. Beyond that is ASI, or artificial superintelligence.

Nvidia isn't the only player in the AI chip space. Google has its tensor processing units that accelerate machine learning workloads.