Nvidia Maintains 90% AI Chip Market Share Amid Rising Competition

Nvidia’s dominance in the AI chip market continues to attract competitors as demand for generative AI surges. The company holds over 90% of the market for chips used in training and running AI systems, cementing its leadership in the AI hardware space. However, AMD, led by Lisa Su, is gaining ground with major clients like Microsoft and Meta seeking to diversify supply chains. Startups such as Groq, Cerebras, and SambaNova are also experimenting with custom chips aimed at AI inference, though they remain unlikely to challenge Nvidia’s position in the near term [1].

Meanwhile, the rivalry in the electric vehicle (EV) market is intensifying. Elon Musk’s Tesla, once the uncontested leader in EV innovation and sales, has seen its dominance waver. In 2024, Tesla reported its first annual delivery decline ever, raising questions about its ability to maintain its top spot. Chinese automaker BYD, led by Wang Chuanfu, has emerged as a strong competitor. BYD’s 20% share of the global EV market, coupled with its affordable models and innovative Blade Battery technology, has positioned it as a formidable player. While Musk has shifted focus to AI and robotics, BYD continues to gain traction in the EV space [1].

In the AI sector, OpenAI’s Sam Altman has become one of the most influential figures in Silicon Valley. Under his leadership, OpenAI has rapidly expanded into new areas such as productivity software and hardware design. The company’s ChatGPT now serves over 780 million weekly users and has attracted major corporate and government clients. However, Altman’s rise has come with friction, particularly with Meta’s Mark Zuckerberg, who has been aggressively hiring OpenAI talent with lucrative compensation packages. The rivalry between OpenAI and Google DeepMind, as well as Altman’s ongoing clashes with former OpenAI colleagues at Anthropic, highlights the competitive nature of the AI landscape [1].

The financial sector is also witnessing a high-stakes battle between JPMorgan Chase’s Jamie Dimon and Apollo Global Management’s Marc Rowan. Dimon, entering his 20th year as CEO of JPMorgan, has led the bank to record profits, including $58.5 billion in 2024. He has also moved to counter competition from private equity firms by establishing JPMorgan’s own private credit facilities. Rowan, on the other hand, has driven Apollo’s strategic shift to private credit, a sector that has grown to $2 trillion in value. Apollo’s $1.49 billion in Q4 2024 profits underscores the increasing threat posed by private equity to traditional banking models [1].

In the energy sector, Exxon Mobil’s Darren Woods and Chevron’s Mike Wirth are locked in a fierce rivalry. After falling out of the Dow during the pandemic, Exxon has regained its leadership in the U.S. shale industry, particularly in the Permian Basin. Woods’ emphasis on capital discipline and shareholder returns has helped reposition the company as a top player in the energy market. Meanwhile, Chevron has emerged as a strong competitor, with Wirth leading the company through a period of renewed focus on fossil fuels and low-carbon initiatives. The rivalry extends beyond domestic operations, with both companies competing in offshore oil projects and the emerging U.S. lithium market [1].

These rivalries across key industries—chips, AI, EVs, finance, and energy—highlight the dynamic and competitive nature of the global business landscape. As established players face challenges from both direct competitors and disruptive newcomers, the outcomes of these battles will shape the future of innovation, market structure, and industry leadership.

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[1] title: The 5 biggest global business rivalries to watch, and how their outcomes will shape the future

url: https://fortune.com/2025/08/05/most-powerful-people-rivalries-nvidia-amd-openai-meta-tesla-byd/