Long story short, an enormous amount of capital is rapidly being spent on AI data centers and the necessary equipment to train and run powerful AI models, particularly graphics processing units (GPUs) from Nvidia (NASDAQ: NVDA).

Fears of an artificial superintelligence that could replace humans are just a distraction at a time when ChatGPT still has major shortcomings.

Microsoft on Wednesday unveiled its new Majorana 1 chip, which Satya Nadella described as a "breakthrough" in quantum computing.